19/9/2016/FICAN —-Praises CBN’s Anchor Borrowers’ Scheme Bank deposits are mainly short-term in nature and lending such funds to customers for long-term can lead to asset mismatch, Managing Director/CEO, Fidelity Bank Plc, NNamdi Okonkwo has said. The bank chief who spoke at the 2016 Annual Conference organized by Finance Correspondents Association […]
Updates
APO to Award One African Journalist/Blogger with Round Trip Ticket, Accommodation to Attend 2016 African Hotel Investment Forum
September 19, 2016/APO African Press Organisation (APO) will award one African journalist/blogger with one round trip ticket and accommodation to attend the 2016 edition of Africa Hotel Investment Forum – the leading investment conference in Africa (www.Africa-Conference.com), to be held in Kigali, Rwanda, on 4-6 October 2016. The Africa Hotel […]
Nigeria’s foreign exchange reserves fall below $25b
19/9/2016/The Guardian • Lose $1.6b post-flexible policy • $1b Eurobond to hold mid December amid poor sovereign rating Nigeria’s foreign exchange reserves have plummeted to a new low of $24.88 billion, indicating dwindling confidence in the economy, despite reassurances by authorities. In the last one week, it lost $230 million, […]
