Nigeria’s naira headed for its weakest level against the dollar since July 23 as demand increased before the central bank’s second foreign-exchange auction of the week. The currency of the continent’s biggest crude producer retreated 0.2 percent to 160.85 per dollar as of 1:02 p.m. in Lagos, the commercial capital, […]
Author: InvestAdvocate
Jaiz Bank to process forex for BDC operators
Jaiz Bank Plc has unveiled plans to process foreign exchange transactions for Bureau de Change operators from next month. By this move, the bank, which is the first full-fledged non-interest bank in the country, will now join other commercial banks in processing foreign exchange transactions. A statement issued by the […]
APR acquires UAC Registrars
Africa Prudential Registrars Plc on Wednesday announced that it had purchased UAC Registrars Limited, a non-bank affiliated registrar in the capital market. Until the purchase, UAC Registrars was a wholly-owned subsidiary of UAC of Nigeria Plc. APR, one of the most prominent players in the Nigerian share registration industry, stated […]
