Skye Bank Plc says it will place emphasis on retail and commercial banking as a way of bringing about a healthy deposit and bring down its cost of funding. The new business strategy would also allow the bank to reduce the volume of public sector deposit and term deposit at […]

Feb 9, 2015/Reuters The naira opened at a record low on Monday after Nigeria delayed its presidential election by six weeks, citing security concerns due to an Islamist insurgency in the north. The electoral commission’s decision late of Saturday to postpone the Feb. 14 vote until March 28 added to […]

Feb 05, 2015/Bloomberg Nigeria will probably remain in JPMorgan Chase & Co.’s local-currency emerging-market bond indexes tracked by over $200 billion of funds, according to the central bank governor. “The main issue was liquidity and we are convinced that liquidity has come up to the level they desire,” Governor Godwin […]