The difficult regulatory environment, which is due to take toll on the financial sector this year, has forced a number of banks to commence the process of cutting jobs and put on hold branch expansion plans. While some of the banks laid off some workers late last year, it was […]

The President, Islamic Development Bank, Jeddah, Saudi Arabia, Dr. Ahmad Ali, says Islamic banking has the capacity to boost economic growth and development in Nigeria. He said the banking system could help the government to raise huge sums of money to finance developmental projects in the country. He added that […]

Jan 6, 2015/Bloomberg The naira weakened a second day and Nigerian stocks headed for biggest drop since 2010 as central bank measures to protect the currency of Africa’s largest crude producer from falling oil prices stifled trading. There were nine trades in the naira between 9 a.m. and 12:30 p.m. […]