Nigerian interbank lending rates eased by 100 basis points this week to an average of 10.41 percent, from 11.41 percent last week, after monthly budgetary allocations to government agencies flooded into the system. The secured Open Buy Back (OBB) eased to 10.25 percent, from 10.5 percent last week, 1.75 percentage […]
World News
Staff of UBA Visits Flood Displaced Persons, Donate Relief Materials
Press Release Moved by the plight of victims of the recent flood in parts of Delta state, staffs of United Bank for Africa (UBA) Plc have provided relief materials and other items to flood displaced persons in Delta State. Specifically, UBA staff at Ughelli recently mobilized funds via voluntary contributions […]
Europe advances towards single banking supervisor
European Union leaderstook a big stride towards establishing a single banking supervisor for the euro zone, agreeing it would enter into force next year, opening the way for the bloc’s rescue fund to inject capital directly into ailing banks. European Council President Herman Van Rompuy said the 27 leaders agreed […]
