The dollar rose against all other major currencies in 2014 for the first time since the turn of the century, as investors expecting interest rates to rise piled into the greenback, Financial Times has reported. The naira also fell against the dollar by 13 per cent in the year. The […]

The Managing Director/ Chief Executive Officer, Heritage Bank, Mr. Ifie Sekibo, says the lender has commenced the process of merging its operations with Enterprise Bank Limited with a view to forming a big bank in 2015. Sekibo said this at the 2014 financial year staff thanksgiving programme organised by Enterprise […]

Wed Dec 24, 2014 * Street rate for naira 3-5 pct below cenbank’s lower target * Christmas shopping slows as shoppers curb imports * Central bank has taken measures to fight “speculators” Nigeria’s central bank says the post-devaluation band for the naira is “appropriately priced”, but black market hawkers out […]