This week, the Monetary Policy Committee (MPC) of Nigeria’s Central Bank devalued the country’s naira from N155 to N168 a dollar. Falling global oil prices and depleting foreign reserves meant ...
Falling oil prices may be a major cause of the current decline in the value of the naira, but it is not the only one. Among the several factors mitigating ...
Experts say banking, as we know it, may become extinct by 2030 as innovative services like mobile money and e-payment solutions continue to see increasing patronage from Africans. Speculators and ...
With the cry for diversification of the Nigerian economy growing ever louder, the Nigerian Export Import Bank (NEXIM) has announced that it will offer a N300 billion ($1.3 billion) funding ...