By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) on Thursday faulted a recent International Monetary Fund (IMF) report entitled “Pan –African Banks-Opportunities and Challenges for Cross-Border Oversight” The report says that fast growth and poor corporate governance at Ecobank raises concerns, and that Ecobank Nigeria’s “relatively weak […]

A further devaluation of the naira is very likely if the price of oil in the international market drops below $40 per barrel, a new report has stated. The development may also force the Central Bank of Nigeria to raise the benchmark interest rate by a 100 basis point from […]

Wed Feb 4, 2015/Reuters Nigeria’s naira ended weaker against the dollar on Wednesday despite the central bank selling U.S. currency towards the close of trading to boost liquidity. The bank has been intervening almost daily in the interbank market since the start of the year as liquidity is very low […]