February 23, 2016/Punch The naira rose to 375 against the dollar at the parallel market on Monday as the demand for the greenback began to drop. The demand for the United States’ currency, which closed at 390 against the naira on Friday, had been on the rise in the past […]
Money Market
Naira Trades 400 on Black Market against Dollar Sets New Record Low
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Thursday traded at 400 against the dollar, according to a section of Bureau De Change Operators compared to 385 traded Wednesday’s session; thereby crashing by 15 naira to set a new record low. However, as at the time of filing in this report, […]
Why Ecobank Pioneered Agency Banking in Nigeria
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Pan African lender Nigerian unit, Ecobank Nigeria on Thursday said the decision of the Bank to introduce agency banking in the country is part of the bank’s distribution strategy to take banking service to the door-step of the customers. Ayotunde Kuponiyi, head, Cards and e-Banking, […]
