World News

Nigeria expedites action to avoid global financial blacklisting

Nigeria stands the risk of being blacklisted by the global Financial Action Task Force, if it does not amend some of its money laundering and terrorism laws before October 15. The chairman of the Presidential Committee on FATF, Mr. Steve Oronsaye, made the declaration in Abuja on Wednesday when he […]

Skye Bank to divest from Skye Shelter Fund

Skye Bank Plc has said it will soon conclude its divestment from the Skye Shelter Fund, its real estate investment trust. The Managing Director/Chief Executive Officer, Skye Bank, Mr. Kehinde Durosinmi-Etti, disclosed this on the sidelines of the Fund’s fourth Annual General Meeting held in Lagos on Wednesday. Durosinmi-Etti said, […]

Nigerian naira hits 1-month high on foreign dlr inflows

Nigeria’s naira currency hit a 1-month high against the U.S dollar on the interbank market on Wednesday, supported by dollar flows from two multinational oil firms and offshore investors in local debt, traders said. The naira closed at 157.45 naira to the dollar on the interbank, compared with the 157.70 […]