Press Release New Africa Structure to focus on Growing Bank’s Coverage across Key Markets Johannesburg / Lagos– Citi today announced the appointment of Ade Ayeyemi as Chief Executive Officer for its Sub Saharan Africa Division, based in Johannesburg. The bank also announced that its North African business will now report […]
World News
Lagarde Hails Cyprus on Financial Stability, Approves $113.1 Million Facility
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Monday commended Cyprus on steps taken to ensure financial stability of the country and approved the disbursement of about €84.7 million, or US$113.1 million extended fund facility (EFF). This is coming […]
Nigeria naira closes flat as banks short U.S.dlr
Nigeria’s naira traded flat on the interbank market on Monday as lenders exited the U.S. currency to cover their funding needs on the local currency amid tight naira liquidity. The central bank withdraw 242 billion naira from the banking system two weeks ago to enforce a new cash reserve […]
