The Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and.
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Nigeria appears to officially devalue the naira in the first quarter of next year, financial experts told Anadolu Agency on Friday. The value of the Nigerian currency continues to fall in the parallel market, pressured lower by the drop in oil.
In a terse reaction to what appears a potential diplomatic spat between the two countries, the Nigerian government denied the second transaction was illegal and reminded South Africa of how Nigeria has provided a beneficial environment for.
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ABUJA: An Indian firm has entered into a partnership with a Nigerian company to introduce a platform meant to drive mobile money services in this oil rich African country. Chief Executive Officer of India-based Estel Technologies Raj.
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Nine Nigerian banks have been suspended from foreign currency trading for not paying money owed to the government, a central bank source has told the BBC. The banks are said to be withholding a total of $2.1bn (£1.6bn) belonging to the.
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Nigeria is a founding member of the Commonwealth of Nations, the African Union, OPEC, and the United Nations amongst other international organisations. With that in mind see the pic below – simply shocking how bad the.
Eighty percent of the Nigerian government revenue come from oil exports [Reuters] Africa’s richest economy is borrowing money to pay salaries as it struggles through a "difficult cash crunch" brought on by halved oil prices, Nigeria’s.
In this photo taken Tuesday Oct. 20, 2015, a money changer counts Nigerian naira currency at a bureau de change, where a dollar buys 222 naira compared to the official rate of 198, in Lagos, Nigeria. The IMF is pressing Nigeria to.
LAGOS, Oct 20 (Reuters) – Money transfer company Transferwise has resumed remittances to Nigeria after a 17-month break because it has regained confidence in the central bank’s handling of the naira currency, its chief executive said.
Diezani Allison-Madueke, Nigeria’s former minister of petroleum, was arrested in London on charges of money laundering on Friday. Sign up for the Quartz Africa Weekly Brief — the most important and interesting news from across the.
Economic Growth In Nigeria,Oil Industry.Economy is the backbone of any nation. Nigeria is paying attention on how to accelerate the rate of her development
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Nigeria’s federal high court has charged the country’s former oil minister, who served under ex-president Goodluck Jonathan, with money laundering in connection.
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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, three-month non-deliverable forwards on the naira.
Diezani, Omokore, Aluko Bribe Saga: US Court Papers Reveal What Each Person Got From Stolen Nigeria’s Oil Money The papers, obtained by SaharaReporters…
extremely difficult," he wrote. "The central bank of Nigeria is always blamed for high rates of interest," but "given these leakages, the alternative is a devalued currency. and financial instability." That is exactly what has happened. As oil.
PAUL OHIA ABUJA: An Indian firm has entered into a partnership with a Nigerian company to introduce a platform meant to drive mobile money services in this oil rich African country. Chief executive officer of India-based Estel Technologies,
Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started. Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded.
Lagos: Africa’s biggest oil producer Nigeria is facing questions about where billions of dollars in oil money is going, amid suspicions of fraud and it being siphoned off to fund election campaigns. The issue has been rumbling on since.
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LAGOS, Oct. 23 (Xinhua) — The Nigerian government is ready to freeze all accounts not covered by Bank Verification Numbers (BVN) in a move to curb money laundering activities. BVN is a unique identification number that can be.
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A year after Nigeria scrapped a currency peg that sent foreign investors fleeing, it’s still battling to entice them back. But trying to placate investors by introducing multiple exchange rates isn’t going to work, bond funds and Wall Street.
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