The naira strengthened against the United States dollar at the inter-bank market on Wednesday, supported by dollar sales by local unit of Royal Dutch Shell and Nigerian Liquefied Natural Gas company to some banks. The local currency closed at N161.55 to the dollar, stronger than N162.70 to the dollar at […]

As the Eurozone crisis continues to eat deep into the European economies, indications have emerged that international banks and other financial institutions have further cut down credit lines to Nigerian and other African banks. Our correspondent gathered from senior officials in the banking sector that various local banks were recently […]

Operators have said that the planned demutualisation of the Nigerian Stock Exchange will go a long way in improving activities in the market. They noted that going by the success stories recorded by some countries that had undertaken the process of demutualisation, it was important the regulators in the Nigerian […]