Oyetunji Abioye The naira dropped against the United States dollar from 498 to 500 at the parallel market during the early trading hours on Monday, crossing the critical threshold currency analysts had predicted. Foreign exchange traders linked the development to relative scarcity of the greenback in the forex market. The […]
Money Market
Eveline Tall Daouda Exits Ecobank after two decades
Evelyne Tall-Daouda, Deputy Chief Executivr Officer, Ecobank Group January 30, 2017/NSE Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, announces the departure from the group of Deputy Chief Executive Officer Eveline Tall Daouda, who proceeds on early retirement on January 31, 2017. Group CEO Ade Ayeyemi, described Eveline […]
CBN clarifies alleged wrong FOREX purchase figures
January 30, 2017/CBN Following media reports alleging irregularities in the rates at which foreign exchange was obtained by some individuals and companies from different Deposit Money Banks (DMBs) under the new [60:40] Foreign Exchange Policy by the Central Bank of Nigeria (CBN), which prioritises FOREX sales to manufacturers, agriculture, plant […]
