After reappointment, Afreximbank president vows to create integrated African market
The President of the African Export-Import Bank, Prof. Benedict Oramah, has said the ultimate goal under his second term of
Read more
Money
COVID-19: AfDB approves $288.5m loan for Nigeria
The Board of Directors of the African Development Bank has approved a $288.5 million loan to help Nigeria tackle the
Read more
ANALYSIS: Did Tinubu’s opinion influence CBN interest rate decision?
In a surprise move on Thursday, the Central Bank of Nigeria cut its key interest rate, the Monetary Policy Rate,
Read more
CBN cuts interest rate to 12.5%, lowest in four years
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the Monetary Policy Rate by 100 basis points
Read more
Nigerian banks face asset quality, further devaluation threats – CSL
The current economic realities mean that Nigerian banks face asset quality and further devaluation threats, which may impact capital in
Read more
Ecobank named most innovative bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global
Read more
Nigeria’s $1.5bn loan decision expected in July – World Bank
The World Bank expects to make a decision in late July on a $1.5 billion loan to support Nigeria as
Read more
New database, Debtors Africa, launched to expose defaulting debtors
Debtors Africa, a searchable database of recalcitrant and delinquent debtors in Africa, has been launched, alongside a report on the
Read more
Nigeria’s external reserves hit $35bn after tumbling to $33bn
Nigeria’s foreign exchange reserves have risen by $1.51bn in the last two weeks to hit $35bn. The reserves, which closed
Read more
Dollar shortage hits manufacturers in Nigeria hard
Nigerian manufacturers are struggling to stay in business because a foreign-exchange shortage spawned by the collapse in oil prices means
Read more