Updates

Lafarge Africa to seek approval to raise 140 bln naira

May 8, 2017/Reuters Lafarge Africa plans to seek shareholders’ approval next month to raise 140 billion naira ($445.86 million) and also convert some loans into equity as part of the capital injection, the company said on Monday. The local business of Lafarge Holcim said it will seek approval to convert […]

Ecobank Digital Channels Makes Banking Cheaper, Faster and Accessible – Kie

May 8, 2017/Ecobank Nigeria Ecobank Nigeria limited restated that it has invested in state of the art mobile application that is fast and accessible and gives better transaction incentive to the users, thereby making their banking activities simpler, accessible and cheaper and at their fingertips . This is the bank’s […]

Naira to Appreciate Ahead of Heavy Injection of FX by CBN as FX availability excites manufacturers

Culled—Proshare May 8, 2017/CBN Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations that the Naira will appreciate significantly during the week. The expectations became rife following the inability of […]