Yvonne Mhango News

Albert Essien, CEO, Ecobank

Nigeria should switch to managed currency float, says Ecobank CEO Albert Essien

Nigeria, whose currency lost almost 8 percent against the dollar this year, would benefit from letting market forces have more say over its exchange rate, according to Albert Essien, chief executive officer of Ecobank Transnational Inc.

The falling oil price has put pressure on the Nigerian currency, the naira.

Nigeria tightens controls on foreign exchange

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.

Muhammadu Buhari, Nigeria's President-Elect

Nigeria: Can Ex-General Buhari Boost Economy & Crush Boko Haram?

Muhammadu Buhari will bring change as the new president of Nigeria, but investors shouldn’t expect a fast economic turnaround.

Where in Africa would you invest $1 million

Expert opinion: Where in Africa would you invest $1 million?

On Wednesday, some of Africa’s most influential investors gathered in Sandton to discuss the continent’s economic future – and, of course, how to profit from it.