By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday changed the foreign exchange (FOREX) rules and has directed bank customers to pay cash into their local accounts. According to Godwin Emefeile, governor of the CBN, the apex bank will no longer sell FOREX directly to Bureau […]
Money Market
FirstBank Expands, Moves To Senegal
January 9, 2016/huhuonline.com by Oputah David First Bank of Nigeria Limited, a subsidiary of FBN Holdings plc, has unveiled a major expansion, FBNBank Senegal, formerly registered as International Commercial Bank (ICB). This unveiling is part of the integration process following the agreement reached by FirstBank and International Commercial Bank Financial […]
Naira hits 278 as dollar supply worsens
January 8, 2016 by Femi Asu, Punch The naira took further beating on Thursday at the parallel market, trading near its 2015 high of 280 against the United States dollar. The dollar was sold for N278 at the parallel market on Thursday, as against 273 on Wednesday and 267.5 on […]
