By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, United Bank for Africa Plc (UBA) said on Monday it has won the largest lender award in the Agricultural sector of the Nigerian economy conferred on it by Lagos Chamber of Commerce and Industry (LCCI) at the chamber’s annual commerce and industry awards […]
Money Market
MTN in Talks With Nigeria Central Bank on Early Debt Repayment
August 5, 2015/Bloomberg MTN Group Ltd. is in talks with Nigeria’s Central Bank about the early repayment of almost $600 million of debt to reduce exposure to the naira, which has weakened against the rand this year. “We have already been negotiating with the lenders but the challenge has been […]
Naira rises to 219 after CBN dollar sale
The naira firmed against the dollar at the parallel market on Wednesday following the Central Bank of Nigeria’s sales of about $80m to bureau de change operators, traders said. Specifically, the naira rose to 219 to the dollar at the parallel market from 230 it recorded on Tuesday. The local […]
