Nigerian naira traded flat against the U.S. dollar on Monday as lenders sold dollars on the interbank market to improve liquidity, shoring up the weakening local currency, dealers said. The naira had initially weakened to 161.30 in mid-day trade before some lenders started to sell the greenback on behalf of […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Enterprise Bank Limited said it has created the SimpleSave account for the unbanked. According to a Statement from the bank by Igwe Igwe, head, corporate communication and made available to InvestAdvocate, the SimpleSave account is part of the bank’s resolve to be a strong force […]

The total assets and liabilities of the Deposit Money Banks in January amounted to N 24. 4tn, the Central Bank of Nigeria said in its latest report. The figure, it noted, showed an increase of 0.3 per cent above the amount of the preceding month. According to the CBN report, […]