The naira firmed against the dollar at the parallel market on Wednesday following the Central Bank of Nigeria’s sales of about $80m to bureau de change operators, traders said. Specifically, the naira rose to 219 to the dollar at the parallel market from 230 it recorded on Tuesday. The local […]
Money Market
CBN Bans Foreign Currency Deposit Into Domiciliary Accounts
August 5, 2015/ CBN The Central Bank of Nigeria has considered the recent statements by Deposit Money Banks (DMBs) concerning the large volume of foreign currencies in their vaults and the decision to stop accepting foreign currency cash into customers’ domiciliary accounts as a welcome development. Therefore, in its continued […]
Diamond Bank Names Chiugo Ndubuisi Acting CFO
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Diamond Bank Plc said on Wednesday it has appointed Chiugo Ndubuisi as it acting chief financial officer (CFO), the lender said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). This is coming on the heels of the resignation of Abdulrahman Yinusa, Diamond […]
