AfDB named world’s best multilateral financial institution
The African Development Bank has been named by Global Finance as the best multilateral financial institution in the world. The
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Money
Sterling Bank appoints new non-executive directors
Sterling Bank Plc has announced the appointment of two non-executive directors, Mr Ankala Syam Prasad and Paritosh Tripathi. The bank
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Naira weakens to $482 as new CBN scheme begins
The Nigerian currency closed weaker against the dollar as the ‘Naira 4 Dollar Scheme’, introduced by the Central Bank of
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UBA profit rises 27.7%, customer deposits hit N5.68trn
The United Bank for Africa Plc has reported an increase of 27.7 percent in its profit after tax for the
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Why diaspora remittances collapsed in Nigeria – RenCap
Diaspora remittance flows into Nigeria collapsed because of the wide gap between the country’s official exchange rate and the Bureau
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Nigeria’s inflation may be getting out of control – FDC
The inflation rate in Nigeria may be getting out of control, posing a threat to output growth, the Financial Derivatives
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Receive $1 from abroad, get N5 extra, CBN tells Nigerians
The Central Bank of Nigeria has introduced a new scheme that will see recipients of diaspora remittances get N5 extra
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Nigeria’s forex reserves fall below $35bn despite oil rally
Nigeria’s foreign exchange reserves have fallen below $35 billion to the lowest point in more than two months, despite the
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Naira sinks at I&E window as forex reserves shed $1.1bn
The Nigerian currency weakened further against the dollar at the investors’ and exporters’ window on Tuesday as the country’s foreign
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Naira tumbles to 482/dollar, lowest in nearly three months
The Nigerian currency closed weaker against the United States dollar at the parallel market and the investors’ & exporters’ window
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