Money Market

Godwin Emefiele5

Nigeria’s central bank intervenes to stem naira slide – traders

July 22, 2016/Reuters Nigeria’s central bank sold dollars on the interbank currency market on Friday, seeking bids of $5 million each from primary market trader after the naira-dollar rate fell… Read more »


Nigeria naira falls 9.5 pct to hit record low of 330 per dollar

July 22, 2016/Reuters Nigeria’s naira currency hit a record low of 330 per dollar in regular interbank trading on Friday, falling 9.5 percent as traders tested lower levels seeking to… Read more »

Skye Bank

Nigeria central bank grants loan to Skye Bank after capital problems

21/7/2016/Reuters By Chijioke Ohuocha Nigeria’s central bank has provided a short-term loan to Skye Bank to help to stabilise its operations after it replaced top executives for failing to meet… Read more »