May 17, 2015/Bloomberg Nigeria’s state-owned Bank of Industry, which provides funding for companies in the West African nation, plans to sell its first debt as it seeks to support diversification of the economy from oil and boost employment. The debt “will most likely be issued next year as local bonds […]

The Head of Research/Chief Economist, Africa, Standard Chartered Bank, Razia Khan, says in line with the expectation of foreign investors, the Central Bank of Nigeria may need to devalue the naira again in order to achieve sustainable foreign exchange stability. The London-based economist spoke in Lagos during the bank’s economic […]

Guaranty Trust Bank Plc says it has inaugurated another innovative mobile channel which enables its customers to transfer money to both GTB customers and other bank account holders in Nigeria. According to a statement by the lender, using mobile phones to dial the short code *737* with details of the […]