The new foreign exchange regime implemented by the Central Bank of Nigeria (CBN) saw the naira “effectively devalued” from 197 to about 283 against the dollar on the official side.
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Renaissance Capital, a Russian investment banking firm with a base in Victoria Island, Lagos, says the fair value of the naira is 305 against the dollar. However, the bank, which
MTN Group is attempting a review of Nigerian Communications Commission (NCC) N1.04tr fine against it to N208bn while it works the Nigerian banking sector for loans to offset the it.
The stock of Stanbic IBTC Bank Plc, a unit of Standard Bank Group, has been raised to “buy” from “sell” by Renaissance Capital. The target price was raised to N26.1 from
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