Interswitch Delays IPO Over Nigerian Dollar Supply Concerns
Bloomberg: Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria,…
Nigeria Senate Probes NNPC For Not Remitting Of $5.4 Billion
Bloomberg: Nigeria’s Senate is investigating allegations that the state-owned Nigerian National Petroleum Corp. failed to remit $5.4 billion of…
21st Century Fox Makes Takeover Bid For Sky
Sky News: 21st Century Fox, the international film and television giant behind hit shows like The Simpsons…
19.5% Of Russian Oil Giant Rosneft Sold In ‘Biggest Privatization Deal Of 2016’
RT: The sale of Russia’s largest oil company Rosneft’s share package to the natural resource trader Glencore…
Erdogan Signs Bill to Ratify Turkish Stream Gas Pipeline Project
Sputnik: Turkish President Recep Tayyip Erdogan signed a bill to ratify deal with Russia on Turkish stream gas…
China Signs 3-Yr 18 Bln Yuan Bilateral Currency Swap With Egypt
Reuters: China and Egypt on Tuesday concluded an 18 billion yuan ($2.62 billion) three-year bilateral currency swap, a…
![Naira v Dollar (Image credit: Daily Times [Nigeria])](https://unicpress.com/wp-content/uploads/2016/01/How-dollar-beat-NAIRA.-Source-Daily-Times-Nigeria.jpg)
Nigeria’s Money-Changers Are Going Underground
Bloomberg: On the teeming streets of Lagos, the Nigerian mega-city of 15 million people, the once omnipresent…
![Inflation rate in Nigerian at 11-year high in October 2016 (Image credit National Bureau of Statistics [NBS]/Bloomberg)](https://unicpress.com/wp-content/uploads/2016/11/Nigerian-Inflation-at-11-Year-high-in-October.png)
Nigeria Keeps Key Rate Unchanged At 14% as Economy Stutters
Bloomberg: Nigeria’s central bank left its main lending rate unchanged for a second consecutive meeting as it…