Money Market

CBN Adjusts Exchange Rate Fifth Time to N197 since February

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday adjusted the exchange rate to N197 to a dollar from N196.95 it set last week, according to a Reuters report quoting data on the bank’s website. The report says this is the fifth time an adjustment has been made […]

Fitch assigns ‘BBB-‘rating to Wema Bank

Global rating agency, Fitch Ratings, has assigned a long-term Issuer Default Rating of ‘B-’ with a stable outlook to Wema Bank Plc. It also assigned a short-term IDR of ‘B’ and Viability Rating of ‘B-’ to the bank. Fitch in its latest publication further rated Wema Bank’s long-term and short-term […]

FirstBank Sponsors 3rd Digital Africa Conference & Exhibition 2015

July 16/First Bank of Nigeria Ltd First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has partnered with Digital Africa Global Consult Limited to host the 3rd Digital Africa Conference & Exhibition. The event themed “Expanding Africa’s Capacity for Digital Technology” will hold at the International Conference Center, Abuja, […]