By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s most valuable lender, First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc said on Friday it has partnered Lork Enterprise LLP, managers of Freedom Park, British Council, and Ebony Life Television to promote the creative arts industry in Nigeria through its initiative […]
Money Market
Nigeria’s forex reserves rise 5.6 pct month-on-month by July 22
Fri Jul 24, 2015/Reuters Nigeria’s foreign exchange reserves rose $30.69 billion by July 22, up 5.6 percent from $29.03 billion a month earlier, latest data from the central bank. However, the forex reserves of Africa’s top crude exporter were down20.9 percent from $$38.8 billion a year ago. The growth in […]
Nigeria’s Central Bank Retains Rate at 13%
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday retained its benchmark interest rate on hold at 13 percent with a corridor of +/- 200 basis points around the midpoint after the two (2) days Monetary Policy Committee (MPC) Meeting. Godwin Emefiele, governor of the CBN said its […]
