Money Market

IFC Lends $175 Million to GTBank

By Peter OBIORA Investadvocate Lagos (INVESTADVOCATE)-International Finance Corporation (IFC) has lent $175 million to Guaranty Trust Bank (GTBank) to support its expansion program across all sectors of the Bank’s operations, the member of the World Bank Group said on Tuesday. The IFC said GTBank one of Nigeria’s top tier lenders […]

IMF Partners Central African States on Financial Inclusion

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global lender, the International Monetary Fund (IMF) on Monday said it will co-host conference on financial inclusion in Central Africa, it said in a statement made available to InvestAdvocate. The IMF will co-host the conference with the Central Bank of Central African States on March […]

Nigerian naira trades in tight spread as oil firms sell dollars

Mon Mar 16, 2015/Reuters Nigeria’s naira traded within a range at which it has been stuck for almost a month on the interbank market, supported by dollar sales from the central bank and oil companies, dealers said on Monday. The naira closed unchanged at 199 naira to the dollar, while […]