The Nigerian naira just dipped past 300 per dollar for the first time ever. The currency weakened by 2.3% to 300.25 per dollar around 8:41 a.m. ET, according to data from Bloomberg. The nair... Read more
Guaranty Trust Bank remains one of the top two rated Banks in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch revised the Outlook on the Bank’... Read more
About 50 persons were feared killed on Thursday night when suspected militants invaded border town communities between Ogun and Lagos. According to reports by the News Agency of Nigeria, th... Read more
This article was written by Paul Wallace. It appeared first on the Bloomberg Terminal. Nigerian officials are meeting bond investors in London next week, according to a person familiar with... Read more
The Central Bank of Nigeria said Tuesday that it would adopt a more flexible foreign exchange policy, which is a tacit way of abandoning the current official exchange rate regime of... Read more
Bets that Nigeria will let the naira weaken have gathered steam in recent days as traders focus on signs that the African country might revamp its foreign-exchange policy soon. On Tuesday, t... Read more
The Economic and Finacial Crimes Commission (EFCC) last night confirmed the arrest of a former Military Administrator of Akwa Ibom State, Air Commodore Idongesit Nkanga( rtd), for collecting... Read more
Mike Ahamba (SAN) has been detained and quizzed by the EFCC in connection with an alleged N23.29bn bribery scandal. Ahamba was President Muhammadu Buhari’s lawyer in several election p... Read more
Guaranty Trust Bank plc’s profit before tax declined by 6.1 per cent in the first of this year ended March 31. The bank’s unaudited financial results releases to the Nigerian an... Read more
The dispensable amount according to the Federation Account Allocation Committee (FAAC) totaled N270.499 billion in February, down from the N290.961 billion received in the previous month, re... Read more
