Money Market

Naira Firms 1.13% on Interbank Market Closes 199.7/$1

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday firmed 1.13 percent compared to the U.S. dollar on the interbank market in a thin trade; supported by the greenback flows from two (2) oil companies, a Reuters report quoted dealers. The report says Nigeria’s local currency closed at 199.7 […]

CBN Say 2,586 BDCs Now Meet New Minimum Capital

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday said 2,586 Bureaux De Change (BDCs) operators has met its new minimum capital requirement of N35 million. In an updated list posted on the apex bank’s official website, it recertified 14 more BDCs to continue operating in […]

Standard Chartered gets new CEO, chairman

Standard Chartered Plc has announced changes to its board, describing it as part of an orderly succession plan balancing stability with fresh perspective. According to a statement on Sunday, the current Group Chief Executive Officer, Peter Sands, is to stand down from the board, giving way to the announcement of […]