Culled—Proshare March 28, 2017/CBN Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for invisibles, the Central Bank of Nigeria (CBN), on Tuesday, March 28, 2017 crashed the rate at […]
Money Market
EXCLUSIVE: Naira To Extend Gain As CBN Crashes Price Of Forex At Bureau De Change To N362/$1, Doubles Allocation To Dealers
March 28, 2017/The Will By Ugochukwu Ugwuanyi The naira is expected to extend solid gains recorded in the last week on the streets with the decision of the Central Bank of Nigeria (CBN) to sell more dollars to Bureau de Change, BDC, operators at the rate of N360 to a dollar, […]
Sterling Bank obtains $15m ICL facility
March 28, 2017/Punch Sterling Bank Plc says it has attracted a $15m facility from the Islamic Corporation for the Development of the Private Sector, a multilateral development financial institution and a part of the Islamic Development Bank Group. In a statement on Monday, the lender said the development was in […]
