8/2/2017/Punch Oyetunji Abioye The naira dropped against the United States dollar to 499 on Tuesday, from 498 on Monday as lingering scarcity of the greenback continued to weigh on the market Reuters reported. The local currency had reversed its Friday’s loss against the dollar, and closed at 498/dollar. The local […]
Money Market
Again, First Bank leads GTBank, Zenith, Access, UBA in Top 500 Global Banking Brands
Culled—Proshare February 6, 2017/Press Release First Bank of Nigeria Limited has been named as the most valuable banking brand in Nigeria in The Top 500 Banking Brands of The Banker magazine of the Financial Times and Brand Finance, London, United Kingdom for the sixth consecutive time. According to a press […]
Naira hits 500/dollar, faces further decline
6/2/2017/Punch Oyetunji Abioye The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable against the greenback for about three weeks. […]
