February 15, 2016/AfDB The African Development Bank (AfDB) has announced the appointments of Kevin Chika Urama and Maria Mulindi as advisors to the Bank’s President, Akinwumi Adesina. In announcements released on Sunday, February 14, 2016, the Bank’s Human Resources Department said that Urama has been Appointed Senior Policy Advisor to […]
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Nigerian naira hits record low of 345 vs dollar
February 15, 2016/Reuters Nigeria’s naira weakened to a record 345 to the dollar on the parallel market on Monday, increasing pressure on the government to devalue the official exchange rate to narrow the gap and spare Nigerians from huge bills for imported goods. The local currency eased 1.47 percent from […]
Nigeria’s ‘bad bank’ AMCON seeks to sell Keystone Bank
February 15, 2016/Reuters Nigeria’s state-backed “bad bank” AMCON said on Monday it was seeking prospective investors to buy Keystone Bank, the last of the nationalised banks yet to be sold. The Asset Management Corporation of Nigeria (AMCON) said in a public notice it had decided to divest its 100 percent […]
