Financial markets expected Moody’s Investors Service downgrade of the South African government’s debt rating, Investec said on Friday. “The Moody’s downgrade was expected, as typically the agency keeps SA’s rating one notch above the rating of either Fitch and/or (Standard & Poor’s) depending on which has the lowest rating for […]

Nov 7, 2014/Bloomberg Nigeria’s central bank intervened in the market to defend the naira after it plunged to an all-time low amid a drop in oil prices, Deputy Governor Sarah Alade said. “We are in the market now,” Alade said by phone from the capital, Abuja. “We haven’t abandoned the […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank’s Rapid Transfer product is fastest and most convenient way to transfer money across Nigerian and Africa, Tony Okpanachi, deputy managing director (DMD) of Ecobank Nigeria said on Thursday. Okpanachi in a chat with journalists at the end of year money transfer solutions for bank […]