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Godwin Emefiele

CBN Says Nigeria’s Forex Reserves Down 15.61% to $29.13 Billion Y-o-Y by Dec 29

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Thursday Nigeria’s foreign exchange reserves dipped by 15.61 percent year-on-year (Y-o-Y) to $29.13 billion by December 29, 2015 from… Read more »


Ecobank Nigeria Commences Agency Banking Services

By InvestAdvocate Lagos (INVESTADVOCATE)-Lender Ecobank Nigeria said on Thursday it has commenced agency banking services, enabling its appointed agent partners carry out banking services on its behalf. “Agency banking services… Read more »


Naira faces further fall this week – Experts

December 14, 2015 Economic and financial experts on Sunday said the naira could fall further this week if the Central Bank of Nigeria failed to do something about the continued… Read more »


Bisi Onasanya FirstBank GMD Set to Retire to Deliver 3rd CIBN Valedictory Lecture

By InvestAdvocate Lagos (INVESTADVOCATE)-Bisi Onasanya, the group managing director (GMD)/CEO of First Bank of Nigeria Limited (FirstBank) is set to retire at the end of the year having completed his… Read more »


FBN Holdings Obtains CBN Approval on Divestment from FBN Microfinance Bank

By InvestAdvocate Lagos (INVESTADVOCATE)-Financial services giant, FBN Holdings Plc said on Friday it has obtained approval from the Central Bank of Nigeria (CBN) to divest from FBN Microfinance Bank Limited…. Read more »

Naira Drops 1.22% in Black Market on Limited Dollar Sales

By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday dropped 1.22 percent in the parallel (black) market on limited dollar sales, according to a Reuters report. The report says this is coming… Read more »

FirstBank supports Nigeria Mobile Economic Summit, Exhibition 2015

Wednesday December 2, 2015/First Bank of Nigeria Ltd First Bank of Nigeria Limited has partnered Transatlantic Media Company Limited, a media consultancy and training company to host the maiden edition… Read more »

Ecobank Nigeria Limited secures US$170 million term loan facility

December 1, 2015/Ecobank Ecobank Nigeria Limited, a subsidiary of Togo-based Ecobank Transnational Incorporated, parent company of the pan-African Ecobank Group, is pleased to announce the successful signing of a US$170… Read more »

CBN Reports Nigeria’s External Reserves Dropped to $30.04 Billion

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said ON Monday that Nigeria’s foreign reserves dropped to $30.04 billion as at November 26, 2015. The apex bank in its… Read more »

CBN Says No Bank is in Distress

November 26, 2015/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a fictitious online publication purporting that some deposit money banks in Nigeria are “experiencing… Read more »