Foreign and local investors may buy stake in Nigeria’s Unity Bank Plc, which is currently seeking to expand its share of the country’s lucrative retail banking sector, investigation by our correspondent has revealed. The United Kingdom-based Development Partners International, Morocco-based Bank of Morocco and Lagos-based Verod Capital Management are among […]
Tag: Nigeria
Governor Ibori hid assets in Nigeria’s Oando – British prosecutor
Jailed former Nigerian oil state governor James Ibori hid some of his assets in the oil firm Oando and money passed from the company’s accounts to Ibori’s Swiss accounts, a British prosecutor told a court on Monday. Ibori, who governed Delta State from 1999 to 2007 and influenced national politics, […]
Nigeria naira closes flat as banks short U.S.dlr
Nigeria’s naira traded flat on the interbank market on Monday as lenders exited the U.S. currency to cover their funding needs on the local currency amid tight naira liquidity. The central bank withdraw 242 billion naira from the banking system two weeks ago to enforce a new cash reserve […]
