Stockbrokers have hailed the nationalisation of three Nigerian banks as the best thing to happen to the country’s financial markets. Mainstreet Bank Limited, Keystone Bank Limited, and

By Emeka Aginam LAGOS — The World Economic Forum has ranked Nigeria 127 of 139 countries on the 2010 and 2011 Global Competitive Index even as Ghana was ranked 114. Director General, Securities

By Omoh Gabriel, Emma Ujah, Babajide Komolafe, Victor Ahiuma-Young and Michael Eboh LAGOS— The decision of the Federal Government to take over three of the eight rescued banks has thrown the

A steep fall in crude oil prices on Thursday as investors panicked over a possible slowdown in the global economy has raised fears that Nigeria’s economic projections may be at risk. A resurgent

Nigeria’s financial authorities have nationalised three troubled banks that were earlier rescued by the country’s central bank during a financial crises triggered by debt mismanagement in

Nigeria’s naira headed for the biggest gain in three weeks after the central bank doubled the amount of dollars banks can sell to foreign-exchange bureaux. The currency of sub-Saharan Africa’s

There is no doubt that Islamic banking is now a global phenomenon. With presence in over 60 countries, Islamic banking has steadily evolved overtime to dealing with whole gamut of financial services,

Nigeria will lift a requirement for foreign investors to hold local-currency investments in government securities for at least one year, Lamido Sanusi, governor of the Central Bank of Nigeria, said.