By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Ngozi Okonjo-Iweala, Nigeria’s Finance Minister will chair the forthcoming meeting of the Commonwealth Finance Ministers in Washington D.C during the annual meetings of the International Monetary Fund (IMF) and World Bank. This is contained in a Statement from Julius Mucunguzi Acting Communications Adviser […]
World News
Standard Chartered, DBS, HSBC among bidders for Societe Generale Asia private bank: sources
Standard Chartered PLC (STAN.L), DBS Group Holdings Ltd (DBSM.SI) and HSBC PLC (HSBA.L) have submitted first round bids for Societe Generale’s (SOGN.PA) Asian private bank valued at $600 million, people involved in the sale told Reuters. SocGen, France’s second-largest bank by market capitalization, is selling the unit as part of […]
Banks await outcome of new forex auction system
Banks and financial market dealers are waiting to see how the Central Bank of Nigeria’s newly introduced retail foreign exchange auction system, called Retail Dutch Auction System, will affect the economy. The CBN had on Wednesday replaced the wholesale foreign exchange auction method, called Wholesale Dutch Auction System, with the […]
