March 02, 2015/CFi.co The Bank was named Best Commercial Bank, Africa this year in view of its sterling work at home over the past 22 years and given the excellent progress it has made in other markets within Africa and further afield. Zenith Bank has built a brand as a […]
Money Market
CBN Say No Plan to Convert Domiciliary Accounts Deposit to Naira
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Thursday it has no plan to convert domiciliary account deposits of customers in Nigerian banks into naira. Part of a statement by Ibrahim Mu’azu, CBN’s director, corporate communications reads thus “The attention of the Central Bank of […]
Naira Closed 202/$1 as Oil Firm Sells Dollar below CBN Rate
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Wednesday depreciated against all major currencies. The local currency decreased by 70 points and 100 points against the dollar and pound to trade at N202/$1 and N313.02/£1 respectively. Similarly, the naira declined by 82 points on the Euro to trade at N229.28/€1. […]
