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Nigerian Banks lead UK, Ranks 78 World Healthiest-WEF Report

Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian banking industry has been ranked 78 world healthiest; leading the United Kingdom (UK) which came 89 out of 144 countries surveyed, the World Economic Forum (WEF) said in its Global Competitiveness Report 2014-2015. Apart from the UK banks, Nigerian banks are generally healthy with […]

NSIA CEO to analyse banking sector

The Managing Director and Chief Executive Officer, Nigerian Sovereign Investment Authority, Mr. Uche Orji, will deliver a keynote address at the launch of the Afrinvest 2014 Nigerian Banking Sector Report next Tuesday. The event, taking place in Lagos, will be attended by key stakeholders in the Nigeria’s financial services industry, […]

Nigerian naira unchanged, supported by oil firms’ dollar sales

Wed Sep 3, 2014/Reuters The Nigerian naira was unchanged at 162.40 per dollar at Wednesday’s close, supported by dollar sales from two oil companies, dealers said. The local unit of Italian oil firm Eni sold $13 million and Addax Petroleum sold $12 million, boosting dollar liquidity on the interbank market. […]