Daily Archives: May 11, 2018

Moody’s cuts Nigerian banks’ risk outlook on rising oil prices

  The outlook for the Nigerian banking system remains stable, as banks’ foreign currency liquidity risks moderate due to rising oil prices and a more liberal foreign exchange policy, says Moody’s Investors Service in a report published today.   The report, “Banking System Outlook — Nigeria; Liquidity risks have eased but earnings pressure and loan […]

We won’t be complacent on oil price rise, Adeosun tells W/Bank

  By Emma Ujah, Abuja Bureau Chief The Minister of Finance, Mrs. Kemi Adeosun, Thursday, in Abuja, held high-level discussions with visiting World Bank Mission, assuring that Nigeria would not be complacent on account of rising crude oil prices.   According to her, the government’s priority was to return the economy to growth and that […]