8/7/2016/Leadership Agency Reports, Bayo Amodu The naira is currently trading at 364 to the British pound but Nigerians can barely buy or sell. The local currency, which traded at 376 to the pound on Monday, became stronger on Wednesday, following Brexit pains in one of the world’s largest economies, UK. […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN)  on Wednesday said no Nigerian Bank was in distress, this is coming on the heels of reports after the this week’s sudden mass resignation of the board of Skye Bank Plc that Nigerian Banks are distressed. The CBN said […]

6/7/2016/Punch By Akinpelu Dada The new Group Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Tokunbo Abiru, has reiterated the the Central Bank of Nigeria’s position that the lender remains healthy and strong. Abiru, who spoke after taking over from his predecessor, Mr. Timothy Oguntayo, said that the bank’s fundamentals […]