The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed. Year-on-year, the reserves fell by 21.3 per cent from $37.83bn in March 2014 to stand at the new balance of $29.79bn […]
Money Market
GTBank Names First Female CBN Director Osaretin Afusat Demuren New Chairman
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said its set to appoint Nigeria’s first female director of the Central Bank of Nigeria (CBN), Osaretin Afusat Demuren as new chairman of the bank, the lender said Tuesday in its corporate disclosure to the Nigerian […]
Tackling Small and Medium Sized Enterprise Problem Loans in Europe
Wolfgang Bergthaler, Kenneth Kang, Yan Liu, and Dermot Monaghan/IMF The global financial crisis has left a large private sector debt overhang and high levels of nonperforming loans (NPLs) in several European countries. Small and medium-sized enterprises (SMEs) represent a significant and weak segment of the nonfinancial corporate sector. SMEs face […]
