August 01, 2016/Reuters By Chijioke Ohuocha Nigeria’s central bank has told commercial lenders to set aside extra provisions against their dollar loans immediately in the wake of the sharp fall in the naira. The local currency has dropped 40 percent since June, when Nigeria ditched its 16-month-old peg of 197 […]
Updates
Nigeria’s Wema Bank plans 20 bln naira bond issue this month
August 1, 2016/Reuters By Chijioke Ohuocha Nigeria’s Wema Bank, which aims to expand its branch network this year, plans to issue 20 billion naira ($63 million) in bonds this month, its chief finance officer said on Monday. The bank is issuing local currency bonds after scrapping plans last year to […]
Nigeria H2-16 Outlook: Misty Cloud on the Recovery Path
Culled-Proshare August 01, 2016/United Capital Research Executive Summary Click Here to Read Full Report Global Economy: Growth momentum slows as vulnerabilities persist Driven by a deceleration in economic activities in the developed and emerging markets, the global economy continued to see sluggish momentum in the first half of the year. […]
