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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 »

Naira Up 0.38% on CBN Intervention, Inflow from Oil Majors

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Monday opened the week appreciating 0.38 percent due to the Central Bank of Nigeria’s (CBN’s) intervention as well as dollar inflows from… Read more »

Nigerian banks safe, CBN assures

The Central Bank of Nigeria has said the country’s Deposit Money Banks are safe and have no liquidity problems. It based its assessment on the outcome a recent stress test… Read more »

Keystone Bank sells Ugandan subsidiary

Keystone Bank Limited, one of the three nationlised banks belonging to the Asset Management Corporation of Nigeria, has sold its Ugandan subsidiary due to lack of capital to run it…. Read more »

Nigerian Interbank rates Rose 11.25% on tightening liquidity

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian interbank rates rose to 11.25 percent on Friday compared with 8.25 percent reported last week after local currency liquidity tightened following purchases of… Read more »

CBN to Issue $5 billion in Treasury bills in Q2

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday said it plans to  issue new treasury bills worth N995.5 billion ($5 billion) in the second quarter… Read more »