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Naira Drops To 460/$ At Parallel Market

Naira Drops To 460/$ At Parallel Market         The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of the close of work. The naira had exchanged to the dollar on Friday for 458/$. This is as the country’s...

Ecobank’s New $50m Eurobond Oversubscribed By 460%

Ecobank’s New $50m Eurobond Oversubscribed By 460% Ecobank Transnational Incorporated, ETI, the parent company of the Ecobank Group,announced on Thursday that it had successfully tapped the international capital markets for an additional $50m in Eurobonds due April 2024. It said in a statement that the bonds...