By InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Thursday it has signed a one-year seniour unsecured loan facility of $50 million arranged by Deutsche Bank AG. “The facility will be used for general corporate purposes,” the lender said in an issuer’s announcement to the Nigerian Stock Exchange […]
Money Market
CBN Intervention: Naira Closes 198.50/$1
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) said on Friday the interbank market rate closed at N198.50/$1 at the end of the day’s transactions compared to N197.10/$1 it closed on Thursday. A Reuters report quoted a major bank dealer as saying that the CBN […]
Naira Closes N197.10/$1 as Pressure mounts on further Devaluation
By InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) said on Thursday the interbank market rate closed at N197.10/$1 at the end of the day’s transactions compared to N202/$1 it closed on Wednesday. Nigeria on Thursday shut down the interbank market for the second consecutive day as the naira […]
