The Central Bank of Nigeria has intervened with an offer of $180m at the foreign exchange market on Monday. The CBN, in a circular, directed the authorised dealers to fund their current accounts with the bank at the time of disbursement, failing which the bids would be cancelled. Meanwhile, the […]
Author: InvestAdvocate
UBA Returns Impressive Q3 Results, PBT Grows by 376% to N44.866Bn
Press Release The impressive returns by the United Bank for Africa Plc continued into third quarter of 2012, with a strong performance characterized by improvements in all key financial indicators as noted in the third quarter financial results released on Monday October 15, 2012. The Bank in its un-audited financial […]
Nigeria naira falls to 3-week low, seen gaining
The Nigerian naira fell to its weakest in three weeks on the interbank market on Monday, as dollar demand by foreign exchange bureaux and importers outpaced supply of hard currency, traders said. The naira closed at 157.55 to the dollar on the interbank market, weaker than 157.40 to the dollar […]
