The naira traded flat against the dollar as the United States currency sales by two oil companies helped to ease the pressure of demand for the greenback, dealers said. The naira closed at N162.45 to the dollar, according to Reuters. The Nigerian units of Chevron sold $43m to lenders and […]

Ecobank Transnational Incorporated and the African Development Bank have signed a $200m trade finance facility. According to a statement by Ecobank, the facility was signed at the AfDB Annual General Meeting in Kigali. The facility comprises two components: a $100m unfunded risk-sharing facility to bolster Ecobank’s capacity as an international […]

Bank of America Corp (BAC.N) is looking to diversify its investment banking business by doing more equity underwriting and merger advisory work and by winning more clients outside the United States, a senior executive said on Tuesday. Underwriting debt “has been one of [Bank of America’s] great strengths, but clearly […]