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Topic

Nigeria naira

Nigeria extends naira incentive offer to boost Diaspora inflow

Nigeria extends naira incentive offer to boost Diaspora inflow

Published 06 May, 2021 05:26pm
  • Rising dollar demand has been putting pressure on the naira. Nigeria is hoping it can attract remittances from its Diaspora as providers of foreign exchange, such as offshore investors, have exited after COVID-19 triggered a fall in oil prices.
  • The bank said the scheme, which was meant to end on May 8, would continue until further notice.
Kenya's shilling to ease, Nigeria's naira to hold steady

Kenya's shilling to ease, Nigeria's naira to hold steady

Published 18 Mar, 2021 05:09pm
  • The Kenyan shilling is seen easing, on strong dollar demand from general merchandise importers and manufacturers.
  • Commercial banks quoted the shilling at 109.75/109.95, compared with last Thursday's close of 109.55/109.75.
Nigeria's Zenith Bank targets 5.5pc rise in pretax profit in 2021

Nigeria's Zenith Bank targets 5.5pc rise in pretax profit in 2021

Published 25 Feb, 2021 08:21pm
  • Zenith said it was aiming for 10% loan growth this year, down from 18.6% in 2020 after a currency depreciation at the end of last year helped boost the value of loans priced in naira.
  • The lender identified small businesses, agriculture, healthcare and manufacturing as some of the growth sectors this year.
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