Press Release Lagos, 13/05/2013: The impressive performance by the United Bank for Africa Plc full year 2012, continued into first quarter of 2013 with the bank recording a Profit Before Tax of N17.2billion representing an increase of 12.4 percent, compared with N15.3billion achieved in Q1of 2012. The Bank in its unaudited financial […]
Author: InvestAdvocate
Electronic fund transactions hit N80b daily, says CBN
By InvestAdvocate Lagos (INVESTADVOCATE)-The total value of electronic funds transfer in Nigeria has risen to N80 billion per day, the Central Bank of Nigeria (CBN) has said. This, according to the apex bank shows the growing acceptance of the cashless policy, which has facilitated such growth, by a lot of […]
World Bank to lend $5bn to Africa
The World Bank’s investment arm will increase lending to sub-Saharan African countries by up to a quarter this year as private sector companies flock to the fast-growing region. The Vice-President, International Finance Corporation, an arm of the World Bank, Mr. Jean-Philippe Prosper, said the IFC would make new investments of […]
