July 22, 2016/Reuters Nigeria’s naira currency hit a record low of 330 per dollar in regular interbank trading on Friday, falling 9.5 percent as traders tested lower levels seeking to attract liquidity in the absence of central bank interventions. The naira slipped to 298.50 per dollar on thin volumes at […]
Updates
Nigeria Deposit Insurance Corp says concerned about non-performing insider loans
July 22, 2016/Reuters The Nigeria Deposit Insurance Corporation (NDIC), an independent government agency, is concerned about an “increasing wave” of non-performing insider loans on the country’s banks, it said on Friday. The agency said Managing Director Alhaji Ibrahim was concerned about the consequences of the loans on the stability of […]
Earnings from Non-oil Export Decline by 27% in April
Culled—-Proshare July 22, 2016/FBNQuest Research The latest monthly Economic Report from the CBN puts non-oil exports provisionally at US$364m in April, indicating a decrease of 27% from the preceding month. The fall in receipts was seen across all components other than minerals. The largest proceeds came from manufactured products, which […]
