Saudi Arabia’s central bank offered lenders short-term loans in late June to help ease liquidity constraints, according to five people familiar with the matter. The Saudi...
Skye Bank Plc has received over N100bn in liquidity from the Central Bank of Nigeria since July 4 to shore up its operations, its new Managing...
Nigerian banks are likely to face more challenges as the nation’s benchmark interest rate continues to rise, global credit rating agency, Fitch Ratings, has said. The...
The Africa Development Bank, (AfDB), has announced plans to commence a youth empowerment programme in the 36 states of the federation. The programme is to gulp...
Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest...
The Central Bank of Nigeria on Tuesday raised interest rates to lure investors to the economy. The Monetary policy rate (MPR) was increased from 12 percent to...
The Nigerian Naira on Thursday weakened to an all-time low of N330.50 against the US dollar, following the Central Bank decision to abandon fix exchange rate....
The yen and Kiwi fell to their lowest levels in almost two months as speculation the two countries planned to increase economic stimulus gain momentum. According...
The Nigerian Naira plunged to N360 against the US dollar at the parallel market on Wednesday, following a supply shortage of the greenback in the interbank...
Fitch Ratings has downgraded two of Nigeria’s biggest banks, citing the recent drawdown of the nation’s sovereign credit rating. The global credit rating downgraded the United...
