Steve Omanufeme
Of Trans Forcados pipeline, shut-ins and the 2018 national budget
Expectations are high that Nigeria's 2018 budget of N9.12 trillion will consolidate the nation’s gains since exiting the debilitating recession…
Nigeria’s Access Bank takes 30% haircut on its 9Mobile loan, insists Etisalat UAE still has obligation
Nigeria’s Access Bank said Wednesday that it is taking a 30 percent haircut on its loan to troubled telecoms firm…
Big global banks freezing smaller operators out of correspondent banking on tough regulation, viability
Many big global banks are inadvertently promoting financial exclusion as they are increasingly freezing smaller operators and money transfer businesses…
Increased regulatory pressures, high punitive fines seen ‘derisking’ banks
Increased regulation on anti-money laundering and accompanying swinging fines have made banks too risk-averse and left many genuine clients unserved,…
Nigeria’s ERGP mere rhetoric, lacks commitment to power free markets, says EIU
Nigeria’s Federal Government economic blueprint, the 2017-20 Economic Recovery and Growth Plan (ERGP) released in March 2017, which recognizes the…
Nigeria’s interbank lending rate rise to 23% on cash squeeze as CBN sells N167.6bn bills
Nigeria's interbank lending rate rose sharply to 23 percent Friday from just five percent a week ago after the central…
Nigeria’s bad bank, AMCON, seeks anti-graft agency, EFCC, collaboration to recover N4.6trn debt from recalcitrant obligors
In a renewed strategy to recover a whopping debt obligation of over N4.6 trillion owed it by recalcitrant debtors, the…
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