Money Market

Grand Prize Winners Emerge In Ecobank Giant Prize Giveaway Promo

March 11, 2014 Press Release/Ecobank Lucky cash prize winners  today emerged from the grand draw of the Ecobank Giant Prize Give Away Promo in Lagos. Mr. Ekezie Godson Chigozie, Engr. Basil Ewaen Idahosa and Awala Ebiobowei emerged the star prize winners of N2.5 million each, while  Okoro Oghenevwame, Awoke Mathias […]

Currency fall puts $11bn Eurobonds at risk

The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, says the continued currency depreciation in Nigeria and sub-Saharan African countries is putting $11bn foreign loan in the region at risk of repayment. He said the $11bn loan was taken through Eurobonds issued by some countries in the last […]

CBN to Sanction Exporters-Emefiele

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) on Tuesday said it will enforce the repatriation of dollar-proceeds from exports and is planning sanctions on non compliant exporters. A Reuters report quoted Godwin Emefiele, governor of the CBN. According to the report, Nigeria has been hit […]