Mon Jan 19, 2015/Reuters Nigeria’s naira recovered from a record intraday low on Monday after two commercial lenders and an energy company sold dollars on the interbank market ahead of a central bank interest rate meeting, dealers said. The two lenders and Nigeria’s LNG sold an undisclosed amount of dollars, […]
Money Market
UBA Names Samuel Oni Non-Executive Director
By InvestAdvocate Lagos (INVESTADVOCATE)-African lender, United Bank for Africa Plc (UBA) on Monday announced it has appointed Samuel Oni as non-executive director of the bank effective January 16, 2015 and subject to the approval of the Central Bank of Nigeria (CBN). The lender in a notice to the Nigerian Stock […]
CBN Governor faults JPMorgan’s Report on Naira
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Godwin Emefiele, governor Central Bank of Nigeria (CBN) on Friday faulted the JPMorgan Chase & Co GBI-EM indexes that there is lack of liquidity in the nation’s foreign exchange and bond market, affirming the correct valuation of the naira. According to a Bloomberg report, Emefiele […]