Mon Aug 3, 2015/Reuters The naira gained on the parallel market on Monday, after Nigeria’s commercial banks stopped accepting cash deposits in dollars, a move to discourage speculation in the currency. The naira was quoted at 216 on the parallel market on Monday, strengthening by 4.1 percent from 225 naira […]
Money Market
Naira Rebounds in Parallel Market as Banks Reject Dollar Deposits
July 31, 2015/Thisday The naira, which had fallen sharply in the parallel market, staged a major recovery thursday, as it appreciated to a band of N225 to N230 to a dollar, compared to N240 to the dollar at which it sold in the last few weeks. Forex dealers attributed the […]
Access Bank Names Mosun Belo-Olusoga New Chairman
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Thursday it has appointed Mosun Belo-Olusoga as its new chairman of board; coming on the heels of the retirement of Gbenga Oyebode as director and erstwhile chairman of the bank. Belo-Olusoga’s appointment takes effect from July […]
