Nigeria’s central bank plans to shift some of its reserves into yuan from dollars as the Chinese currency takes a greater role in global trade, deputy central bank Governor Kingsley Moghalu said. The bank will increase the yuan’s share of reserves to as much as 7 percent from 2 percent, […]
Author: InvestAdvocate
UBA lifts Power Sector Privatization with US$700 million funding
United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria’s recently privatized power sector. Phillips Oduoza, Group Managing Director and Chief Executive Officer (GMD/CEO), UBA Plc, said this while speaking on the sidelines of the […]
Nigeria’s Exchange Emphasizes Corporate Identity
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Nigerian Stock Exchange (NSE) Tuesday emphasized on its corporate identity; saying it has evolved considerably over time. The NSE said this reacting to the continuous use of the outdated logosacross some Print, Broadcast and Online platforms and would like the correct one […]
