August 16, 2016/Punch Oyetunji Abioye The naira recorded marginal gain at the parallel market on Monday and closed at 393 against the United States dollar, up from 397 on Friday. The local currency, which had fallen to 400/dollar last Friday, traded lower last week. The naira closed at N505 and […]
Money Market
Heritage Bank, Bank of Industry Empower Entrepreneurs
August 15, 2016/Heritage Bank Ltd The Bank of Industry (BoI) has strengthens its partnership with Heritage Bank Plc to boost entrepreneurship in the country through innovative ideas support and financing. Speaking at the opening of Live Well Bia Foods Outlet in Surulere, Lagos, the Acting Managing Director, Bank of Industry, […]
Nigeria overnight rate spikes as cbank moves to lure foreign flows
August 12, 2016/Reuters Nigeria’s interbank overnight lending rate jumped to 23 percent on Friday from 10 percent its previous close, after the central bank sold treasury bills at higher yields to lure foreign investors, traders said. Commercial banks on Friday were paying for treasury bill purchases and a foreign currency […]
