By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday banned the sale of dollars to importers of telecom equipment, power generators and finished products at its foreign exchange auction, instead shifting demand to the interbank market, dealers, a Reuters report quoted dealers as saying. The report […]
Money Market
Access Bank Named Bank of the Year in Ghana
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc on Wednesday emerged “Bank of the Year 2013” in the prestigious annual Ghana Banking Awards in 2013, the lender said in a statement. Access Bank was rated the country’s fastest growing financial institution for the year 2013, barely […]
Wema Bank Secures $10 Million Development Loan from Shelter Afrique
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s premier lender, Wema Bank Plc on Wednesday secured a $10 Million development loan from pan-African development finance institution, Shelter Afrique to boost real estate and mortgage financing in Nigeria. Segun Oloketuyi, managing director/chief executive officer (CEO) of the Wema Bank said the facility once […]
