Money Market

UK Export Finance Names Ecobank Nigeria, JPMorgan, others to Deliver £3b Support to Exporters

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-United Kingdom Export Finance (UKEF), has named Ecobank Nigeria, JPMorgan Chase and 18 other global lenders as its partnering financial institutions to help deliver £3 billion Direct Lending Facility (DLF) support to UK exporters, Ecobank said in a statement on Friday. UKEF is an arm […]

IBFC to examine banking industry outlook

IBFCAlliance Limited says it will examine the banking sector outlook at a seminar scheduled to hold at the Intercontinental Hotel in Lagos on October 21. A statement by the company quoted the Managing Director, IBFCAlliance, Mr. Funmi Agusto, as saying that with the banking industry remaining a key driver of […]

Naira hits seven-month low despite CBN support

The naira closed at a seven-month low against the dollar on Wednesday. The local currency closed against the greenback at N164.50, despite a Central Bank of Nigeria intervention. This came as falling oil prices pushed investors out of domestic debt and equity markets, dealers said. The naira had firmed up […]