By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Guaranty Trust Bank Plc (“GTBank”) Tusday announced it has acquired a 70 percent (70%) stake in Fina Bank Limited, (“Fina Bank”) . Fina Bank in a notice to the Nigerian Stock Exchange (NSE) said it has reached an in-principle agreement for the acquisition by […]
Tag: Nigeria
Nigeria May Devalue Naira Target Range as Currency Drops
Nigeria’s central bank will probably lower its targeted trading range for the naira as dwindling foreign-exchange reserves and falling oil prices undermine its ability to halt the currency’s slide, FBN Capital Ltd. said. Policy makers may adjust the exchange rate to within a 3 percentage-point band of 160 per dollar […]
CBN Polices Impacting Negatively On Property Market
Lagos (INVESTADVOCATE)-In this interview with PETER OBIORA, Online editor at InvestAdvocate, Barrister Kingsley Snomi, Property Consultant in Lagos Nigeria discussed the post financial/capital market meltdown and its impact on the real estate sector of the Nigerian economy and other matters arising. Excerpts: Post financial/capital market meltdown, impact on the real estate […]
