July 6, 2015.UBA Lagos, Nigeria. July 6, 2015. United Bank for Africa (UBA) Plc has introduced a simple, convenient and hassle free process for customers of the bank to submit their Biometric Verification Numbers (BVN). Leveraging on its robust information technology infrastructure, on Monday July 6, 2015 the bank […]
Money Market
Naira Traded at Record low of N232/$1 on Black Market
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday traded at record low of N232 to a dollar on the parallel (black) market down from N230 traded last Friday, according to a Reuters report. The report says the naira has been under the ropes on the black market after the Central […]
Naira Declines to N230 on Black Market after CBN Stopped Funding of Some Imports
By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Wednesday declined N230 to a dollar from N226 recorded on Tuesday as importers sought alternative sources for dollars after the Central Bank of Nigeria (CBN) stopped foreign-currency funding for some imports, according to a Bloomberg report quoting Aminu Gwadabe, president of the Association of […]
