Monthly Archives: June 2015

Nigeria’s Central Bank Extends BVN Enrollment Deadline to 31st October, 2015

June 30, 2015/CBN You would recall that as part of its efforts in the implementation of the Bank Verification Number (BVN) Project, the Central Bank of Nigeria issued circulars stipulating… Read more »

IMF says its $918 mln aid programme with Ghana is on track

Tue Jun 30, 2015/Reuters The International Monetary Fund’s $918 million aid programme with Ghana is on track and the government has met almost all performance criteria, Joel Toujas-Bernate, IMF Africa… Read more »

CBN Reports Nigeria’s Foreign Reserves Decline 2.1% to N29.02 Billion by June 26

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Tuesday Nigeria’s foreign reserves declined 2.1 percent to $29.02 billion by June 26 from N29.64 billion recorded May 26,… Read more »

Fidelity Bank Says 3 Directors Retires

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Fidelity Bank Plc said on Tuesday three (3) of its directors are set to retire, the bank said in a issuer’s announcement with the Nigerian… Read more »

NSE Inches Up 0.62% on Gains Recorded in DANGCEM, Nigerian Breweries

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday inched up 0.62 percent on gains recorded in the shares of cement producer, Dangote Cement Plc and brewer,… Read more »

Oando Sells Downstream Operations to HV Investment for $276 Million

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The largest integrated energy solutions group in Sub-Saharan Africa, Oando Plc said on Tuesday it has reached agreement to sell an equity stake in… Read more »

Ghana on course to secure fresh IMF aid under deal -sources

Mon Jun 29, 2015/Reuters Ghana is likely to clear the first review of its $918 million programme with the International Monetary Fund and secure a fresh disbursement of funds aimed… Read more »

BVN: Customers besiege banks, CBN rules out deadline extension

Customers on Monday besieged various banking halls in Lagos, Abuja and other cities for their biometric registration in order to get their unique Bank Verification Numbers 48 hours to the… Read more »

Nigeria’s bond yields rise, naira falls on FX curbs

Mon Jun 29, 2015/Reuters By Chijioke Ohuocha The cost of borrowing for Nigeria rose on Monday and the naira currency weakened again in the wake of the central bank’s new… Read more »

Nigeria’s oil company kept nearly half of oil revenue – NEC

Mon Jun 29, 2015/Reuters * NNPC kept 3.8 trillion naira of revenue-NEC * NEC looked at revenue from 2012 to end May 2015 * President Buhari elected on anti-graft ticket… Read more »