The Nigerian naira was broadly flat on the interbank market on Wednesday, supported by sales of around $38 million by two energy companies to banks.  The local naira currency closed at 161.15 to the dollar on the interbank compared to 161.17 a dollar on Tuesday.  “Demand and supply were evenly […]

Many fraudulent marketers who collected fuel subsidues in 2011 may be compelled to make “a huge refund” to the Federal Government, according to preliminary findings by the House of Representatives Ad-Hoc Committee on Subsidy Regime. This is in addition to recommending that the Economic and Financial Crimes Commission should prosecute […]

Click here to download full Report Globally, economies and financial markets were challenged in 2011 as the Euro-zone debt crisis and its undercurrents swept through emerging and developed markets albeit in varied dimensions. Heightened sovereign risks for debt-ridden Greece sent shivers down the spines of European banks and the global […]