The Asset Management Corporation of Nigeria, the bad debt manager created to acquire non-performing loans of banks in the aftermath of the 2009 banking sector crisis, still has shares worth over N100bn in Deposit Money Banks and other companies, its Chief Executive Officer, Mr. Mustafa Chike-Obi, has said. He listed […]

Overseas remittances to Nigeria and other sub-Saharan African countries will increase from $33bn in 2014 to $34bn in 2015, according to the World Bank Remittances Brief. The Chief Executive Officer, HomeSend, an international transfer hub created by MasterCard, eServGlobal and BICS, Mr. Stephen Doyle, while quoting the World Bank data, […]

Following the inauguration of the new administration, the naira may be devalued again to reflect the recent drop in Nigeria’s foreign reserves, analysts at Renaissance Capital have said. The analysts said this in a report, ‘Nigeria beyond May 29: Managing expectations,’ which was made available to our correspondent on Friday. […]