The Nigerian naira currency strengthened against the U.S dollar on the interbank market on Monday after energy companies sold about $91 million. The naira closed at 161.30 to the dollar on the interbank market from 161.40 Friday’s close due to the inflows from two energy firms. Traders said local unit […]
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Bank directors elect Ecobank Chairman, Kuku as President
Bank Directors Association of Nigeria (BDAN) has elected Chairman of Ecobank, Olorogun Dr. Sonny F. Kuku (OFR), to lead the association as president for the next two years. BDAN is the umbrella body of non-executive directors of banks established to provide a forum for improving the knowledge and the competence […]
Listing of oil companies to boost stock market by N45.58trn
The market capitalisation of the Nigerian Stock Exchange could be boosted by N45.58 trillion ($303.37 billion) should petroleum companies operating in the country be listed on the local bourse, as canvassed by notable Nigerians. As at November 29, 2011, market capitalisation was N6.29 trillion, while the all share index was […]
