Nigeria Bank Review

A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019. Uwaleke, Head of Banking and Finance Department, Nasarawa State University, Keffi, expressed the optimism in an interview with the News Agency of Nigeria in Lagos while reacting to the persistent lull in the nation’s bourse. He said the equities market would rebound after the general elections beginning from second quarter of 2019. Uwaleke noted that his optimism was based on reduced political risk, return of foreign investors, favourable oil price and strong fundamentals. He said investors should not panic but recognise that the stock market, like every other market, was prone to business cycles of up and down. Uwaleke said investors must be encouraged not to panic and be selling down but be patient and wait for the market to rebound possibly after the elections next year. He said the major reason for the downturn was the exit of foreign i...

  History: Citi has had a presence in Nigeria since 1984. Citi is the oldest existing international bank in Nigeria, with service bank branches spread across the nation. Businesses: Citi continues to focus on competitively creating value and providing efficient service delivery to its clients while maintaining a robust risk and control environment. Citi consistently assists its clients by creating innovative solutions, which are mostly first-of-their-kind landmark structures in the market, to resolve their banking needs. Citi brings its global expertise, coupled with in-depth knowledge of the local market, to provide appropriate banking solutions.     Citi has welcomed the recent regulatory measures initiated by the Central Bank of Nigeria, as they have brought local banking standards closer to international best practices. A more transparent and rigorous regulatory regime ensures a level playing field for all market operators. Citi has taken the lead in complying wi...

This article covers list of country currencies that are stronger or higher than Naira, currencies lower than naira. Here's a list of African countries whose currencies are currently stronger than the naira.  1. South Africa: Rand 1 = 13 Naira 2. Angola: 1 kwanza = 2 Naira  3. Botswana: 1 Pula = 18 Naira  4. Cape Verde: 1 Escudo = 2 Naira 5. Algeria: 1 Dinar = 2 Naira  6. Egypt: 1 Pound = 25 Naira  7. Eritrea: 1 Nakata = 13 Naira  8. Ethiopia: 1 Birr = 9 Naira  9. Ghana: 1 Cedi = 50 Naira  10. Gambia 1 Dalasi = 5 Naira  11. Kenya: 1 shilling = 3 Naira 12. Liberia: 1 Dinar = 4 Naira  13. Lesotho: 1 Loti = 14 Naira  14. Libya: 1 Dinar = 146 Naira  15. Morrocco: 1 Dirham = 146 Naira  16. Madagascar: 1 Ariary = 4 Naira 17. Mauritius: 1 Rupee = 6 Naira 18. Malawi: 1 kwacha = 11 Naira 19. Mozambique: 1 Metical = 4Naira  20. Namibia: 1 Dollar = 12 Naira 21. Seychelles: 1 Rupee = 12 Naira 22. Sudan: 1 pound = 32 Naira  2...