The nation’s external reserves fell to $35.8bn on December 9, down 19.5 per cent from $44.5bn recorded same date last year, figures on the Central Bank of Nigeria’s website on Wednesday showed. The reserves have been dropping very fast in the last few months as the CBN stepped up its […]
Money Market
ETI Receives $200 Million Loan from Deutsche Bank AG
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporated (ETI) said on Wednesday it has received aone-year, seniour unsecured loan facility of $200 million from Deutsche Bank AG, the lender said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). Ecobank affirmed that on November 17, 2014, […]
CBN Names Four Indigenous Firms to Print Cheques
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has named four (4) local firms accredited to print cheques in Nigeria following an accreditation exercise it conducted. This is contained in a circular with reference number BPS/DIR/GEN/CIR/02/033 dated December 04, 2014 and signed by Dipo Fatokun, director, banking […]
