December 18, 2023/UBA Plc Towards enhancing its support to the private sector and financing of infrastructure development in Africa’s largest economy, Nigeria, the United Bank for Africa(UBA) has received a $175 million financial package from Africa Development Bank(AfDB) Group. This facility comprises a $100 million in long-term senior debt, $50 […]
Money Market
Bank of England Maintains Rate at 5.25% – December 2023
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting December 14, 2023/Bank of England Monetary Policy Summary, December 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At […]
CBN Assures that Nigerian Banks Remain Resilient
December 13, 2023/CBN The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases of cash scarcity in some major cities across the country. It attributed the current situation to the hoarding of the Naira by some persons due to challenges […]
