World News

IMF Projects 3½% GDP Growth for Central Africa

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday projected a 3.5 percent (3½%)  Gross Domestic Product (GDP) growth at the end of year 2013. This is coming on the heels of the Conclusion of the 2013 Regional Consultation on Common Policies for the Member Countries of the […]

Nigeria May Devalue Naira Target Range as Currency Drops

Nigeria’s central bank will probably lower its targeted trading range for the naira as dwindling foreign-exchange reserves and falling oil prices undermine its ability to halt the currency’s slide, FBN Capital Ltd. said. Policy makers may adjust the exchange rate to within a 3 percentage-point band of 160 per dollar […]

UBA Cards Offer Added Benefits to Summer Holiday Customers

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The United Bank for Africa Plc (UBA) Monday announced added benefits to holders of its rich bouquet of Card products going on summer holiday. This is contained in a Press Statement by Nasir Ramon, Head, Media Relations of the Bank and made available to InvestAdvocate […]