Nigeria‘s foreign reserves rose to $48.84 billion by April 26, 0.59 percent up on the previous month, the latest figures from the central bankshowed on Tuesday, as Africa’s top energy producer booked more savings from its crude exports. The forex reserves of the continent’s second biggest economy stood at $48.55 […]
Author: InvestAdvocate
Union Bank’s earnings rise by 33%
Union Bank of Nigeria Plc has recorded a 33 per cent rise in its gross earnings for the financial year ended December 31, 2012. Its full year results, released to the Nigerian Stock Exchange on Monday, showed that gross earnings rose to N112.8bn. The bank’s profit before tax stood at […]
Nigerian banks increase lending to private sector
Indications have emerged that Deposit Money Banks have increased their appetite for lending to the private sector. The banks have led the way in Africa’s syndicated loan market so far this year, with more than $10bn of deals signed in the market. For instance, MTN Nigeria last week agreed to […]
