* 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 […]
World News
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 […]
UBA Appoints Seniour Executives, Launches Project Alpha
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan African bank, United Bank for Africa Plc (UBA), Monday announced the appointment of senior executives to the bank as it launches its project Alpha– the Group’s next stage focus of strategic transformation. This is contained in a Statement by Charles Aigbe, divisional head, marketing […]
