United Bank for Africa Plc has secured the approval of the Securities and Exchange Commission to operate as a commercial bank. The bank, subsequently, will hold a court-ordered meeting to obtain the approval of shareholders for the restructuring. A statement by the bank on Friday said all non-commercial banking businesses […]
World News
Concerns as mixed reactions greet Nigeria’s positive credit ratings
Nigeria may have received positive international recognition from famous financial ratings firms, yet analysts are worried that its citizens are not living the good life expected of an economically progressive nation. OKECHUKWU NNODIM reports The recent BB-credit ratings given Nigeria by two renowned international ratings agencies, Fitch Ratings and Standard […]
Naira Falls across Market Segments on Strong Dollar Demand
The value of the naira dipped against the United States dollar at the three segments of the forex market Monday due to strong demand for the greenback. In fact, an intervention by the Central Bank of Nigeria (CBN), which increased dollar supply at its regulated Wholesale Dutch Auction System (WDAS) […]
