The naira reached the highest in more than five weeks after the Central Bank of Nigeria sold the most dollars in nine months at auctions this week. The currency of Africa’s biggest crude producer gained for the first time this week, adding 0.2 percent to 157.40 per dollar by 3:06 […]
World News
IMF Advise Emerging Markets to Improve Banking Regulation
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, the Managing Director (MD) of the International Monetary Fund (IMF) Wednesday advised Emerging Markets and Developing Countries to improve their Banking Regulation and Supervision. Lagarde gave this advice in her speech “The Global Policy Actions Needed to Stay Ahead of the Crisis†at the […]
Heritage Bank Opens First Set Of Branches
Heritage Bank, the newest player in the Nigerian banking sector, has opened its first two branches in Marina, Lagos and Dugbe in Ibadan, the Oyo State Capital. While the Marina branch went on stream mid-March, the Ibadan office opened for business in the first week of April. Describing the development […]
