By InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Friday its seeking to buy one (1) or two (2) mid-tier banks as sharp falls in the value of the naira and increased regulatory pressure are forcing banks to recapitalise, according to Reuters quoting Abubakar Suleiman, its chief financial officer (CFO). According […]
Tag: Devaluation
FCMB Raises $115.6 Million Bond in Q3
By InvestAdvocate Lagos (INVESTADVOCATE) –FCMB Group Plc said on Thursday it has raised $115.6 million (N23 billion) bond at the end of its third quarter (Q3), according to a Reuters report quoting Ladi Balogun, FCMB’s chief executive officer. According to the report Balogun said that FCMB still had room to […]
CBN says FOREX Officers, BDCs, Customs, NAFDAC to Meet on Dwindling Naira
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed a meeting of foreign exchange officers of Banks, authorised dealers, the Nigeria Customs Service, National Agency for Food and Drug Administration and Control (NAFDAC) and the Standard Organisation of Nigeria (SON) on developments in the forex market. This […]
