Money Market

NPF Microfinance BanK Appoints 4 New Directors

By InvestAdvocate Lagos (INVESTADVOCATE)-NPF Microfinance Bank Plc on Tuesday said it appointed four (4) new directors on its board. “These appointments were ratified by the shareholders at its Annual General Meeting (AGM) which held on 23 July 2015,” the micro-lender said in a notice to the Nigerian Stock Exchange (NSE). […]

Unity Bank Names Ayodele Somefun as New MD/CEO

By InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s mid-tier lender, Unity Bank Plc on Tuesday named Ayodele Somefun as new managing director/chief executive officer (MD/CEO) following the resignation of Henry James Semenitari, effective today 11 August 2015. The lender said Somefun is a graduate of the Obafemi Awolowo University Ife (BA. Education/ English) […]

Naira drops to 224 as dollar demand rises

August 12, 2015/ Punch The naira dropped against the dollar at the parallel market on Tuesday driven by demand mainly from individuals travelling abroad for summer holidays and importers, traders said. The local currency was quoted at 224 to the greenback at the black market, 0.89 per cent weaker than […]