Nigeria’s naira closed flat against the dollar in the interbank market and weakened slightly on the official foreign exchange window on Wednesday as strong dollar demand kept pressure on the local currency, traders said. The naira closed at 157.60 to the dollar at the interbank market on Wednesday, the same […]
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Ecobank, ICIC Bank sign agreement on Indian-African trade
Ecobank Group and ICICI Bank of India have signed a Memorandum of Understanding to promote and facilitate trade and investments between India and Africa. A statement by the bank on Tuesday said the agreement was signed by the outgoing Chief Executive of the Ecobank Group, Mr. Arnold Ekpe and the […]
CBN intervenes in forex market with $180m
The Central Bank of Nigeria has intervened with an offer of $180m at the foreign exchange market on Monday. The CBN, in a circular, directed the authorised dealers to fund their current accounts with the bank at the time of disbursement, failing which the bids would be cancelled. Meanwhile, the […]
