The naira rallied to its strongest level in almost six weeks as Nigeria’s state oil company was said to sell dollars to the local market. Oil producers, including Nigerian National Petroleum Corp., are the biggest source of U.S. currency after the Central Bank of Nigeria, which offers foreign exchange at […]
Capital Market
Margaret Giwa Resigns from Custody and Allied Plc
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Financial services firm, Custody and Allied Plc Thursday announced that resignation of Margaret Giwa from its board. This is coming on the heels of a meeting of the board of directors (BODs) of the company on March 27, 2014 where they approved the resignation of […]
Islamic finance body IILM to reissue $860 mln sukuk next week
Malaysia-based International Islamic Liquidity Management Corp (IILM) will reissue $860 million of its three-month Islamic bond next week, after expanding its issuance programme to $1.35 billion in January. The auction of the three-month sukuk, rated A-1 by Standard and Poor’s, will be conducted on Apr. 17, according to a filing […]
