Culled—-Proshare September 28, 2016/News Indications emerging from the parallel market reveal that majority of the BDCs may not be able to meet the immediate demands of FX users due to low supply in the market. There has been high demand of Foreign Exchange and it has not been business as […]
Money Market
AfDB approves US $310 million Trade Facilitation Loan for Ecobank Transnational Incorporated
September 27, 2016/AfDB The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, September 21, 2016, in Abidjan, a US $310 million trade finance loan for Ecobank Transnational Incorporated, parent company of the Ecobank Group. Through this facility the AfDB will provide critical trade finance funding to […]
Naira Hits New Historic Low; Plunges to 450/$ as Acute Shortage Hit Hard
By InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Tuesday hit a new historic low as it tumbled to 450 against the United States dollar at the parallel market on Tuesday, down from the 445 recorded on Monday, analysts at Cordros Capital said. The depreciation of the nation’s local currency continued in […]
