Ecobank Group and ICICI Bank of India have signed a Memorandum of Understanding to promote and facilitate trade and investments between India and Africa. A statement by the bank on Tuesday said the agreement was signed by the outgoing Chief Executive of the Ecobank Group, Mr. Arnold Ekpe and the […]
World News
CBN intervenes in forex market with $180m
The Central Bank of Nigeria has intervened with an offer of $180m at the foreign exchange market on Monday. The CBN, in a circular, directed the authorised dealers to fund their current accounts with the bank at the time of disbursement, failing which the bids would be cancelled. Meanwhile, the […]
Nigeria naira falls to 3-week low, seen gaining
The Nigerian naira fell to its weakest in three weeks on the interbank market on Monday, as dollar demand by foreign exchange bureaux and importers outpaced supply of hard currency, traders said. The naira closed at 157.55 to the dollar on the interbank market, weaker than 157.40 to the dollar […]
