Nigeria’s forex reserves fell to $40.68 billion as of Feb. 24, down 13.8 percent year-on-year, central bank figures showed on Wednesday. Africa’s top oil exporter’s reserves stood at $47.18 billion a year earlier. They have fallen 6.5 percent this year. Nigeria’s central bank has been burning its forex reserves in […]
Tag: Nigeria
Nigeria needs 2.0 trillion Naira to Address its Mortgage Problem-Chike-Obi
By Peter OBIORA InvestAdvocate Lagos INVESTADVOCATE)- Mustafa Chike Obi, the managing director asset management corporation of Nigeria (AMCON) Tuesday said Nigeria needs about 2 trillion naira to address its mortgage problem. Chike Obi said this in Lagos Nigeria as a guest lecturer at the Hallmark Public Policy Forum ‘’ Emerging […]
Ecobank’s Biggest Shareholder Says It Has Reservations About CEO
South Africa’s Public Investment Corp., the biggest shareholder in Ecobank Transnational Inc. (ETI), said it has concerns about the pan-African lender’s chief executive officer, Thierry Tanoh. “We have reservations about Thierry Tanoh,” PIC Chief Investment Officer Daniel Matjila said in a phone interview. The PIC, which owns more than 18 […]
