Wednesday, April 22, 2026
Nigeria’s interbank lending rate drops on liquidity injection
Nigeria’s overnight lending rate dropped to 12 percent Friday after spiking to almost 100 percent Wednesday due to a liquidity...
Read moreDetailsCentral banks’ pursuit of inflation has turned Sisyphean, analysts call for its end
Central banks globally have spent years fruitlessly trying to awaken long-dormant inflation, and some analysts say it's time to stop...
Read moreDetailsGlobal credit growth to stabilise in 2017, says Fitch
Global credit growth in 2017 is likely to stabilise following a slowdown in 2016, but remains at a record low...
Read moreDetailsOil prices up as U.S. rigs, refineries brace for hurricane
Oil prices rose Friday as the U.S. petroleum industry braced for Hurricane Harvey, which could become the biggest storm to...
Read moreDetailsFTSE 100 closes down after week of carnage on the markets
The FTSE 100 closed down 0.08 per cent at 7,401.46 Friday, after a dramatic week on the markets which saw...
Read moreDetailsUK to test driverless lorries on roads by December 2018
Self-driving lorries are to be tested on UK roads by the end of next year, the government has said. The...
Read moreDetailsNigeria’s central bank offers liquidity cushion to non-interest financial institutions through two new instruments
Nigeria’s central bank Thursday said it was offering liquidity access to non-interest financial institutions (NIFIs) operating in the country through...
Read moreDetailsGTB posts largest volume in deals worth N2.89bn, but stocks shed 1.3% on profit taking
Nigeria's GT Bank traded the largest volume on the Lagos bourse on Thursday in deals worth N2.89 billion as foreign...
Read moreDetailsNigeria’s oil output in July below 1.8 million bpd, reasons not militancy, says oil minister
Emmanuel Ibe Kachikwu, Nigeria's oil minister said Thursday that the country's oil production, excluding condensates, was slightly below 1.8 million...
Read moreDetailsNNPC’s looks to India in major drive to diversify into healthcare
Amb. Nagabushana Reddy, the Indian High Commissioner to Nigeria, and Maikanti Baru, NNPC’s group managing director Nigeria’s state-owned national oil...
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