March 21, 2017/Daily Trust By Hamisu Muhammad Naira yesterday started the week positively as it appreciated by about 4 percent at the street market. The local currency exchanged at 430 to a dollar in Abuja while it traded in Lagos at 435 before the closing hours. This is coming as […]
Money Market
AMCON Says Sigma Golf – Riverbank Consortium Acquires Keystone Bank
March 20, 2017/AMCON The Asset Management Corporation of Nigeria (“AMCON” or the “Corporation”) is pleased to announce Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium) as the new investors in relation to the acquisition of the entire issued and fully paid up ordinary […]
Nigeria’s Cenbank to sell $100 mln forward at auction
March 20, 2017/Reuters Nigeria’s central bank plans to offer $100 million in currency forwards on Monday to be delivered within the next 60 days, traders say. The bank has consistently been selling foreign exchange to importers since February in a move to increase dollar supply in the market and narrow […]
