The naira reached the lowest level in more than a month as investors slowed purchases of Nigerian bonds after oil prices weakened and output missed a forecast. The currency depreciated 0.3 per cent to N159.35 per dollar in Lagos, the lowest on an intra-day basis since March 18. The naira […]
World News
UBA, Other Banks Syndicate $3billion Medium Term Facilities for MTN
Press Release United Bank for Africa (UBA Plc), One of Africa’s leading financial institutions, along with a consortium of local and international banks, Tuesday signed a $3 billion (N470b) loan agreement with MTN Nigeria, towards expanding its network infrastructure in Nigeria. Executive Director, Corporate Bank, UBA Plc, Mr. Emeke Iweriebor […]
First-quarter GDP seen at 3 percent but momentum ebbs
Economic growth probably gained steam in the first quarter on strong consumer spending, but the momentum is already ebbing and could slow further as the impact of automatic government spending cuts kick in. Gross domestic product likely expanded at a 3.0 percent annual rate, according to a Reuters poll of […]
