July 4, 2020
  • July 4, 2020

NSIA total income declines 18.5% in 2019 to N36 bln

by on July 3, 2020 0

The Nigeria Sovereign Investment Authority (NSIA) recorded a Total Comprehensive Income (TCI) of N36.15 billion in 2019, the manager of the country’s Sovereign Wealth Fund (SWF) said on Friday. Stella Ojekwe-Onyejeli, NSIA’s Executive Director and Chief Risk Officer at NSIA disclosed this at a virtual news conference in Abuja. Ojekwe-Onyejeli said the 2019 income...

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US endorses review of probe into allegations against AfDB president

by on July 3, 2020 0

The United States (US) government said it approved the decision by the African Development Bank (AfDB) to reexamine a probe into the bank’s president that ignited a dispute between America and Nigeria. “International financial institutions must adhere to the highest standards of governance and transparency, and the decision to pursue an independent review demonstrates...

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Monthly Money Market Review: CRR debit squeezes liquidity

by on July 2, 2020 0

By United Capital In Jun-2020, the size of financial system liquidity declined relative to the prior month, as the effect of naira outflows outweighed naira inflows. The illiquidity in the financial system was fueled by the two Cash Reserves Requirments (CRR) debits from the Central Bank of Nigeria (CBN) (estimated at N675.8 billion) which...

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