The Nigerian naira weakened against the U.S dollar on Monday as demand for foreign exchange remains unabated as the sales of $350 million by the state-run energy firm NNPC to some lenders on Friday failed to strengthen the market further.  The currency closed at 162.30 to the dollar on the […]

The Asset Management Corporation of Nigeria has said that it will not hesitate to take over any  distressed bank in the country. According to the corporation, it is ready to take over any bank that has similar problems to what the three nationalised banks had. The Managing Director, AMCON, Mr. […]

Amid uncertainties in the stock market, investors can look forward to reasonable returns if they invest in the Federal Government inflation-linked bonds, OKECHUKWU NNODIM writes. Prospect iveinvestors in the planned Federal Government inflation-linked bonds will be guaranteed higher earnings regardless of the prevailing inflation rate at the maturity of their […]