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 […]

Pressure grows on Nigeria’s central bank governor

March 28, 2017/Reuters By Ulf Laessing, Karin Strohecker and Sujata Rao Earlier this year, an open letter in the Nigerian media from a group of businessmen attacked the “shameful” record of central bank governor Godwin Emefiele and demanded that he should go. With Africa’s largest economy in recession for the […]