* UBA seeks to invest $2 bln in Africa power projects * Loan book growth up 14 pct in 6 months Nigeria’s United Bank for Africa (UBA) has invested $700 million this year financing power assets in Africa’s second biggest economy and is looking to put $2 billion into power […]
World News
Nigeria central bank to buck pressure to devalue naira
* Governor Sanusi to leave central bank in 10 months * National elections in 2015 may hurt naira (Adds comments from deputy central bank governor) Nigeria’s central bank will resist pressure to devalue the naira since it retains ample funds to defend the currency, a central bank spokesman said, and […]
CBN Sells Forex worth $258.5m
The Central Bank of Nigeria (CBN) on Monday sold 258.5 million dollars (N40.06 billion) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System (WDAS). The apex bank sold $263.67 million at the previous WDAS on August 28. Some dealers attributed the decrease in forex sales to the […]
