Nigeria’s currency just tumbled to a record low
The Nigerian naira just dipped past 300 per dollar for the first time ever. The currency weakened by 2.3% to 300.25 per dollar around 8:41 a.m. ET, according to data from Bloomberg. The naira is 25
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Nigeria: The oil crash has people worried about a new banking crisis
Nigeria just put its banking system on alert. The Central Bank of Nigeria announced earlier this week that it’s replacing the management of the country’s eighth biggest lender by assets, Skye Bank, after it failed 25
Derivatives as a risk management tool in Nigeria
Risk management is one of the most fundamental aspects of business growth. The use of derivatives in corporate risk management has grown exponentially in the last decade and has transformed global financial markets, fuelled in 25
Liquid Telecom Buys Neotel, Will Become Largest Pan-African Broadband Network
Liquid Telecom, a privately owned, pan-African telecoms group, majority owned by Econet Wireless Global, said it has agreed to acquire South African communications network operator Neotel for ZAR6.55 billion (about $428 million USD), according to 25
Nigeria is finally going to do the painful thing everyone said it has to do
Business Insider/ Nigeria is finally going to do the painful thing everyone said it has to do. The central bank announced on Wednesday that the naira peg will be abandoned on Monday, June 20, and 25
Nigeria: Niger Delta Avengers Threaten Further Violence in Oil-Producing Region
The Niger Delta Avengers (NDA) has warned Nigerian authorities it may “review our earlier stance of not taking lives” if oil companies continue to operate in the country’s oil hub. The militant group has launched 25
Inflation is getting out of control in Africa’s largest economy
Business Insider – Africa’s largest economy is failing to keep inflation under control. Nigeria’s inflation accelerated to 15.6% in May, up from 13.7% in the previous month, according to the National Bureau of Statistics. That’s 25
Property sales in Lagos, Abuja thrives despite fiscal austerity
International Guardian, Houston – TX- Amidst market skepticisms over its strict fiscal management of the economy, property sales in Nigeria’s two major cities, Lagos and Abuja might not be as bad as being perceived, according 25
Delta Avengers reject Nigeria talks, blow up Chevron site
ABUJA (Reuters) – The Niger Delta Avengers militant group on Wednesday rejected an offer of talks with the government to end its attacks on oil facilities and said it had blown up a Chevron pipeline 25
Nigeria Without Oil: Focusing on the Fundamentals
Permit me to tell you a story of a prodigal entity that squandered its wealth on frivolities and, now it appears that the music is over. It now needs to decide on how best to 25