Money Market

Naira Continues Low Trend on Black Market, Trades N241 per Dollar

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Monday continued its low trend as it traded N241 per dollar on the black market, as the Central Bank of Nigeria (CBN) restrictions fed unofficial trade in dollars, a Reuters report quoted traders. The report said the naira weakened by 1.0 per […]

CBN’s Forex policy, its rationale and consequences – LCCI Communique

Sunday July 12, 2015/Lagos Chamber of Commerce and Industry Source: Proshare Communique from Lagos Chamber of Commerce and Industry [LCCI] Interactive Session with Central Bank of Nigeria [CBN] Held on Thursday 9thJuly, 2015 Preamble The Central Bank of Nigeria (CBN) recently introduced a list of 41 items which are now […]

GTBank Named 2015 Euromoney Best Bank in Nigeria

July 10, 2015/GTBank Foremost African financial institution; Guaranty Trust Bank plc has once again reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Bank in Nigeria’ during the 2015 Euromoney Awards held in London at the Natural History Museum on Thursday, July 09, 2015. […]