The Central Bank of Nigeria (CBN) has announced the extension of the deadline for the acceptance of legacy bank cheques to March 31, 2013. The CBN had previously fixed a January 2, 2013 deadline and had vowed to sanction banks that failed to adhere to the directive. A note from […]
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Ecobank Opens Equatorial Guinea Branch
The Ecobank Transnational Incorporated (ETI) has announced the opening of its Equatorial Guinea affiliate. A statement from the pan-African bank said the Ecobank Equatorial Guinea was issued a licence to operate as a credit institution in the country and became the 33rd affiliate of the Group in Africa. The Group’s […]
Naira Weakens on Dollar Sales Suspension, Extends Week’s Drop
Nigeria’s naira declined, extending this week’s retreat, as the Central Bank of Nigeria’s suspension of foreign-exchange auctions curbed demand for the currency. The currency of Africa’s biggest oil producer slipped 0.3 percent to 156.7 per dollar on the interbank market as of 2:30 p.m. in Lagos, the commercial capital. The […]
