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Naira Traded N227/$1 in Black Market

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Friday traded N227/$1 to decline by 0.44 percent compared to N226/$1 it traded the previous day. Proshare daily exchange rate monitor say… Read more »

Ecobank Director André Boboé Bayala Dies at 64

By InvestAdvocate Lagos (INVESTADVOCATE)-Pan- African lender, Ecobank Transnational Incorporated (ETI) on Friday announced the demise of its director André Boboé Bayala at 64 years. The pan-African lender in an issuer’s… Read more »

Kenya Offers Escape Route for Nigeria Bond Market Woes

March 12, 2015/Bloomberg Investors skittish about Nigerian assets as plunging oil prices pummel the West African nation’s economy are casting their eyes across the continent to Kenya. Yields on Kenya’s… Read more »

Nigeria Raises N91 billion in Bonds-DMO

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) –The Debt Management Office (DMO) said on Thursday Nigeria has raised N91 billion ($456.14 million) at a bond auction it held on Wednesday with… Read more »

Naira Trades N226/$1 in Black Market on Strong Demand

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The naira on Thursday traded for N226 to a dollar in the parallel (Black) market on continuous strong demand among the major global… Read more »

Grand Prize Winners Emerge In Ecobank Giant Prize Giveaway Promo

March 11, 2014 Press Release/Ecobank Lucky cash prize winners  today emerged from the grand draw of the Ecobank Giant Prize Give Away Promo in Lagos. Mr. Ekezie Godson Chigozie, Engr…. Read more »

Currency fall puts $11bn Eurobonds at risk

The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, says the continued currency depreciation in Nigeria and sub-Saharan African countries is putting $11bn foreign loan in the region… Read more »

CBN to Sanction Exporters-Emefiele

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) on Tuesday said it will enforce the repatriation of dollar-proceeds from exports and is planning sanctions on non… Read more »

Naira Trades N222.5/$1 in Black Market

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Tuesday traded for N222.5 to a dollar in the parallel (Black) market; while the pounds sterling exchanged around N302 to one pound…. Read more »

Dollar at 12-year peak on euro

Tue Mar 10, 2015/Reuters The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies… Read more »