9/6/2016/Reuters By Camillus Eboh and Felix Onuah Details of Nigeria’s flexible currency model will be ready in a “short while”, the head of United Bank for Africa (UBA) said on Thursday after chief executives of the country’s lenders met with central bank officials. The central bank last month announced plans […]
Updates
Nigeria’s naira falls in NDF market vs dollar
9/6/2016/Reuters Nigeria’s naira tumbled against the dollar in the non-deliverable forward markets on Thursday, as uncertainty continued over a potential liberalisation of the currency. Three-month non-deliverable forwards showed the naira trading at around 278 per dollar, weakening 2.2 percent on the day, and the weakest since June 3. One-month non-deliverable […]
Dangote acquires shares in Afreximbank
June 10, 2016/Punch Bayo Akinloye The Dangote Group has become the latest corporate organisation to join the African Export-Import Bank as a class B shareholder. The Group, according to information released by Afreximbank and made available to our correspondent, completed the process of acquiring equity in the bank on May […]
