UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened, according to a person with knowledge of the matter. They include Onur Sert, an emerging-markets spot trader based in New York, and at least three more worldwide, said […]
Author: InvestAdvocate
CBN Announces the Withdrawal of £50 Notes of John Houblon
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) has announced the withdrawal of GBP 50.0 (£50) John Houblon notes by the Bank of England (BoE). This is contained in a circular by J.O Ajewole, acting director, trade and exchange department with reference number TED/FEM/FPC/GEN/01/009 and dated March […]
First Bank introduces non-collateral loans for SMEs
First Bank of Nigeria has introduced non-collateral loans for Small and Medium Enterprises. The bank said the move was meant to drive the growth of the SME sub-sector. The Head, SME Banking, Mr. Oluwafemi Akinfolarin, who spoke at the bank’s product fair event in Lagos recently, said the development would […]
