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
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Money
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
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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
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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
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Tanzania central bank cuts interest rate for banks
The Bank of Tanzania has reduced its discount rate for commercial banks from seven percent to five percent, with effect
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CBN guarantees investors of dollars for funds repatriation
Investors interested in repatriating their funds from the country are guaranteed to get their money, despite the drop in Nigeria’s
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Sterling Bank’s Q1 profit falls to N2.04bn
Sterling Bank Plc saw its profit after tax decline to N2.04bn in the first quarter of this year. The lender
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Foreign investors seek to exit naira assets, demand $1.8bn
Foreign investors are seeking to exit naira assets, with traders putting a backlog of demand for dollars at between $1.5bn
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Nigerian banks agree to suspend lay-offs
Banks in Nigeria have agreed to suspend the retrenchment of workers in order to mitigate the negative impact of the
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South Africa’s deputy finance minister wants central bank to print money
South Africa’s Deputy Finance Minister, David Masondo, has urged the central bank to temporarily create money to fund the government
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