Nigeria’s Access Bank takes 30% haircut on its 9Mobile loan, insists Etisalat UAE still has obligation
Nigeria’s Access Bank said Wednesday that it is taking a 30 percent haircut on its loan to troubled telecoms firm 9Mobile, formerly
Nigeria’s interbank lending rate drops on liquidity injection
Nigeria’s overnight lending rate dropped to 12 percent Friday after spiking to almost 100 percent Wednesday due to a liquidity squeeze
Central banks’ pursuit of inflation has turned Sisyphean, analysts call for its end
Central banks globally have spent years fruitlessly trying to awaken long-dormant inflation, and some analysts say it’s time to
Turnover in Nigeria fixed income, currency markets drop in July as CBN cuts back forex intervention
Transaction turnover in Nigeria’s fixed income and currency markets for the month of July 2017 amounted to ₦11.53 trillion, an 8.62
Musings on Nigeria’s recent economic landscape from India
Asuri Vasudevan (Contributor) Vasudevan was Executive Director, Reserve Bank of India between 1996-2000. Having worked in
China declares war on Ponzi schemes, fundraising ploys
Chinese police will strike hard against shady financial schemes because of the risk of social unrest from such fundraising ploys,
Nigeria national oil company data show production down 69% at new Lagos Aje oil field
New data from Nigerian National Petroleum Corporation (NNPC), the oil production arm of Africa’s largest economy by gross
Nigeria economy continues recovery as manufacturing index expands third month in a row
The Manufacturing Purchasing Managers’ Index (PMI) increased to 52.9 index points in June 2017, indicating expansion in the
First Bank promotes financial inclusion with introduction of quick banking service
First Bank of Nigeria Limited has shown its commitment to drive financial inclusion further by empowering the Nigerian banking
Nigeria MPC maintains analysts call, keeps rates on hold
In tandem with analysts’ expectations, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday left the