Money Market

Naira Hits N400/$1 at Parallel Market

By InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Thursday traded flat at the parallel market (black market) at N400 to the greenback compared to N378 traded the previous session, Cordros daily currency market update said. Cordros reports that the local currency in the interbank market had appreciated against one of the […]

Nigeria’s FCMB plans capital raising of up to 15 bln naira -CEO

3/8/2016/Reuters Nigerian mid-tier lender FCMB plans to raise 10 to 15 billion naira ($47 million) in Tier II debt to boost its capital ratio and will target its retail investors for the offering, its chief executive officer said on Wednesday. Ladi Balogun said its capital ratio was close to the […]

Ecobank Nigeria Launches “Move on Up” Consumer Campaign

3/8/2016/Ecobank Nigeria Ecobank Nigeria has launched “Move on Up”, a new fully-integrated consumer advertising campaign. Move on Up is centered on the bank’s drive to ensure that consumers have world-class accessible and convenient digital banking solutions across the country. Ecobank Nigeria is a subsidiary of Ecobank Transnational Incorporated (ETI), which […]