January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
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Customers can now transfer foreign currency — Banks
January 17, 2016/Punch Deposit Money Banks in the country are now allowing customers to transfer foreign currency cash deposits made into their domiciliary accounts. The announcement from the banks started coming in four days after the Central Bank of Nigeria lifted the ban on foreign currency deposits. The CBN had […]
Transcorp Hotels to List N10 Billion Series 1 Bond
By InvestAdvocate Lagos (INVESTADVOCATE) – Transcorp Hotels Plc, the hospitality unit of Nigeria’s top conglomerate, Transnational Corporation of Nigeria Plc will list N10 billion (Series 1) bond on the Nigerian Stock Exchange (NSE) Monday January 18, 2016, the company said in a filing with the NSE. Shares of Transcorp at […]
