FTSE Russell downgrades Nigeria prompting stock decline
Nigerian stocks fell Monday after equities market index and benchmark provider FTSE Russell said it downgraded Nigerian equities from “frontier market” to “unclassified market”,...
Nigeria’s ailing economy ends iconic brands Omo, Lux. And it’s big deal
Nigerians will no longer have the iconic products Omo and Lux in the market. Unilever Nigeria, the century-old consumer goods manufacturer, announced last week...
Fraud soars in Nigerian banks to highest level in five years
The number of fraud cases in Nigerian commercial banks rose in 2021 by nearly half to the highest level in five years.
By December that...
Naira scarcity: No big relief for Nigerians after CBN meeting
The Central Bank of Nigeria signalled Tuesday its decision to take cash out of the economy will not change much just yet, insisting its...
Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance payments to people travelling outside the country.
First Bank, Access Bank...