The Nigerian naira firmed marginally against the dollar on the interbank market on Monday on speculation that state-owned energy company NNPC would sell the U.S. currency to banks on Tuesday. The naira closed at 162.65 to the dollar, compared with 162.95 per dollar at Friday’s close. Traders said many banks […]
Uncategorized
CBN Extends Cashless to 30 Other States, Direct Banks to Commence Enlightenment
By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-The central bank of Nigeria (CBN) extended its cashless policy to 30 remaining states in the federation and has directed banks to commence enlightenment campaign in those states. In a circular dated June 03, 2014, signed by Dipo Fatokun, director, banking and payments system department […]
ETI to Amend Articles of Association at EGM
By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) on Friday said it will amend its company’s articles of association at an extra-ordinary general meeting (EGM) to be held on June 30, 2014 at the Pan-Africa Centre in Lome, Togo. Similarly, the pan-African bank scheduled its 26th annual […]
