Money Market

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 […]

List of Approved Branches for Commencement of PTA, BTA Sales

Tuesday August 11, 2015/ Zenith Bank This is the ZENITH BANK list of designated branches that has commenced the sale of Personal and Business Travel Allowance (PTA & BTA) across the country.  This means that all intending travellers can now purchase foreign currency up to a quarterly limit of $4,000 […]