November 9, 2015/Reuters Nigeria’s Stanbic IBTC has cut its 2015 forecast for loan growth to 3 percent from 10 percent, citing the impact of slowing economic activities on businesses, the local unit of South Africa’s Standard Bank said on Monday. Africa’s biggest economy posted its lowest output growth for five […]

There is confusion over the retrieval of funds belonging to the Nigerian Merchant Navy Officers and Water Transport Senior Staff Association, which was erroneously transferred to the Treasury Single Account with the Central Bank of Nigeria. The money are said to be in the NMNOWTSSA’s account with the United Bank […]

The naira fell from 225 to 232 against the dollar at the parallel market on Friday, one week after the Central Bank of Nigeria introduced a new rule into the foreign exchange market. The local currency had recorded 225 against the greenback at the black market upper Friday. The CBN […]