Money Market

Naira Dollar

Naira Weaken All-Time Low 5.8%, Trades 378/$1 at Parallel Market

By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Wednesday weakened to an all-time low falling by 5.8 percent against the greenback to trade at N378.00 in the parallel market, while the pounds… Read more »

Godwin Emefiele5

CBN Raises MPR to 14%

By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)- The Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) on Tuesday raised  Monetary Policy Rate (MPR) 200 basis points from 12 percent… Read more »

L-R: Afreximbank President, Benedict Oramah and Heritage Bank Plc Managing Director/CEO, Ifie Sekibo, after the execution of the term sheet for the issuance of guarantee for its $150 million Convertible Bond with the African Export Import Bank (AfreximbanK) to support Heritage Bank Plc in its next phase of growth.

L-R: Afreximbank President, Benedict Oramah and Heritage Bank Plc Managing Director/CEO, Ifie Sekibo, after the execution of the term sheet for the issuance of guarantee for its $150 million Convertible Bond with the African Export Import Bank (AfreximbanK) to support Heritage Bank Plc in its next phase of growth.

Afreximbank Supports Heritage Bank Growth With $150million

African Export Import Bank (Afreximbank) has provided a $150 million funding support for Heritage Bank Limited. In a statement announcing this development yesterday, Divisional Head, Corporate Communications, Olusola Longe-Okenimkpe said,… Read more »

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