Nigeria Seeks Dollars Stashed Outside Banks With Amnesty… Angela Amuzu Nov 1, 2024 Nigeria unveiled an amnesty program to draw out foreign-exchange hoarded by individuals outside banks in a bid to…
Ecobank Obtains Bondholders Approval for Key Amendments to… Angela Amuzu Sep 20, 2024 Ecobank Nigeria has successfully secured the approval of its noteholders to amend key provisions tied to its $300…
Central Bank of Nigeria Resumes Intervention amidst… SpyDa Sep 9, 2024 Nigeria’s central bank resumed foreign currency sales after the naira slipped to a fresh low against the dollar…
Nigeria Fuel-Price Hike, Weaker Naira Dash Case for Rate… Angela Amuzu Sep 5, 2024 A 45% hike in the pump price of gasoline and a continued downward pressure on the naira dampened hopes that the…
Naira depreciates by 13.9% in one week at I&E Window SpyDa Jun 25, 2023 The naira plunged to a record low against the dollar last week as Nigeria’s new foreign exchange policy took…
Nigeria torn between low interest rates, strong naira as… SpyDa Jun 25, 2023 Africa’s biggest economy is once again torn between achieving low-interest rates or attracting foreign inflows to…
Jim Ovia gains $61.3 million in 110 days as Zenith Bank… SpyDa Jan 23, 2023 Nigerian billionaire banker Jim Ovia’s net worth has increased significantly in the past 110 days due to a…
8 viable alternatives to a bank loan Rhema Nov 29, 2022 The Central Bank of Nigeria recently increased its benchmark interest rate to 16.5% making it the 4th consecutive…
Soludo urges banks to adjust to new developments following… SpyDa Nov 20, 2019 A former Governor of the Central Bank of Nigeria, Prof Charles Soludo, has urged Nigerian banks to adjust to…