World News

Nigeria naira firms to 2-week high vs dollar

The Nigerian naira firmed to its strongest in two weeks against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of Chevron, traders said. The currency closed at 157.20 to the dollar on the interbank, firmer than the 157.35 to the dollar it […]

AMCON to take over assets of chronic debtors

The Asset Management Corporation of Nigeria will obtain court order to take over assets of some debtors who have made no reasonable progress to pay back their debts, investigation by our correspondent has revealed. It was gathered from a top official in AMCON on Tuesday that although some debtors were […]

Nigeria’s debt profile may hit $25bn in 2015

The Debt Management Office gave an indication on Tuesday that the country’s total debt profile might hit $25bn by 2015. The figure covers both local and foreign borrowing. The Director-General of the DMO, Mr. Abraham Nwankwo, had met with the House of Representatives Joint Committee on Finance/Legislative Budget and Research/National […]