By Stanley Opara The United Bank for Africa Plc has signed an agreement with HSBC London for a $100m multi-currency facility specifically for imports. The bank, in a statement on Friday, said the move was in line with its drive to facilitate trade and promote economic growth across the continent. […]

By Stanley Opara with agency report The Federal Government sold N107.64bn ($703m) in 91-day, 182-day and 364-day treasury bills on Thursday as part of measures to control money supply in the country. The Central Bank of Nigeria said on Friday that it sold N50bn in the 364-day instruments at a […]

By Stanley Opara The World Bank has urged Nigeria to reassess its trade policies and consider a relatively open economy, considering the merits of a competitive economy. The Country Director, World Bank, Mr. Onno Ruhl, said this at a stakeholders’ forum on trade and tariff policies, organised by the Lagos […]