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 […]
Money Market
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 […]
Naira Trades N222.5/$1 in Black Market
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Tuesday traded for N222.5 to a dollar in the parallel (Black) market; while the pounds sterling exchanged around N302 to one pound. A Proshare report say the value of the naira has depreciated significantly in the face of several measures by the […]
