December 1, 2015/Ecobank Ecobank Nigeria Limited, a subsidiary of Togo-based Ecobank Transnational Incorporated, parent company of the pan-African Ecobank Group, is pleased to announce the successful signing of a US$170 million term loan facility. Commerzbank Aktiengesellschaft, Filiale Luxemburg, First Gulf Bank PJSC, Mashreqbank psc and Standard Chartered Bank acted as […]
Money Market
CBN Reports Nigeria’s External Reserves Dropped to $30.04 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said ON Monday that Nigeria’s foreign reserves dropped to $30.04 billion as at November 26, 2015. The apex bank in its official website disclosed that the figure dropped by $7.0 million from $30.11 billion recorded same period of last month. According […]
CBN Says No Bank is in Distress
November 26, 2015/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a fictitious online publication purporting that some deposit money banks in Nigeria are “experiencing stress”.The CBN wishes to state categorically that: 1. No Nigerian bank is “experiencing stress”. 2. The story as published is […]
