RECENT NEWS
The Hindu Business Line  Jun 17  Comment 
The Nigerian central bank has removed a 16-month peg and allowed local currency naira to be determined by market forces from June 20. Some of the Indian companies that have been exporting their pr...
Financial Times  Jun 16  Comment 
The CBN’s move should allow the economy to right itself
Forbes  Jun 16  Comment 
Even with significant loss of supply from Nigeria and/or Venezuela, and expectations of moderate demand growth and declining U.S. shale oil production, inventories remain at extremely high levels. This should prevent a major price increase from...
Wall Street Journal  Jun 16  Comment 
The Chan Zuckerberg Initiative plans to announce an investment in Andela Inc., a New York-based startup that trains software developers in Lagos, Nigeria and Nairobi, Kenya.
Financial Times  Jun 15  Comment 
Switch to market-driven currency system amid economic crisis and dollar shortage
BBC News  Jun 15  Comment 
Nigeria plans to allow the embattled naira to trade freely against the dollar in a bid to control a currency crisis.
Clusterstock  Jun 15  Comment 
Nigeria is finally going to do the painful thing everyone said it has to do. The central bank announced on Wednesday that the naira peg will be abandoned on Monday, June 20, and the currency will be allowed to float freely. Although, Central...
Wall Street Journal  Jun 15  Comment 
Nigeria’s central bank abandoned a currency peg that economists and businesses long blamed for exacerbating a slide toward recession in Africa’s largest economy.
The Economic Times  Jun 15  Comment 
BoFA-ML expects ​Airtel's ​India revenue market share to be largely flat for the next four years compared with an earlier declining estimate, despite the entry of Reliance Jio Infocomm, and estimated a FY16-19 EPS to growth 20% annually.
The Economic Times  Jun 14  Comment 
The company said on Friday, after months of talks, that it had agreed to pay a heavily reduced fine of $1.7 billion in a settlement with the Nigerian government for failing to deactivate more than 5 million unregistered SIM cards.




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