Aberdeen Asset Management News

Jacob Zuma, President of South Africa

South Africa joins emerging markets wave of sovereign bond sales

South Africa is preparing its first sale of debt this year as global investors including BlackRock and Pimco declare that emerging markets represent a buying opportunity after three years of underperformance.

Segun Agbaje, CEO, Guaranty Trust Bank

Nigeria needs to devalue Naira, says Guaranty Trust Bank's CEO Segun Agbaje

Nigeria needs to devalue the naira as falling oil prices and the global markets rout this week mean the currency’s exchange rate is unsustainable, according to biggest local bank by market value.

Bisi Onasanya, CEO, First Bank of Nigeria

First Bank CEO calls on Nigeria to end FX trading restrictions and devalue Naira

Nigeria needs to let the naira devalue as foreign-exchange trading restrictions used to keep the currency stable are starting to harm growth in Africa’s largest economy, said the head of the country’s biggest lender by assets.