By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Friday hit a new low on the black market as it traded N240 to a dollar, according to a Reuters report compared to N235 to the greenback recorded the previous session. This is coming on the heels of a government liquidity injection […]
Money Market
Euromoney Names Access Bank Best Flow House in Africa
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Access Bank Plc on Thursday was named the Best Flow House in Africa accolade in the Euromoney Awards for Excellence 2015, which held at the Natural History Museum in London on Thursday. “It is the first time an African bank will be recognised […]
CBN Says Will Not Focus on Naira Reaching New Lows on Black Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday said it will not focus on the naira reaching new record lows in the black market saying its insignificant in the determination of naira exchange rate, a Reuters report quoted Ibrahim Muazu spokesman for the CBN. The report says […]
