Money Market

Barclays Africa says applies for Nigerian licence

Tue Mar 3, 2015/Reuters Barclays Africa has applied for a licence to operate in Nigeria and is “keen” to take over operations in Egypt and Zimbabwe that still belong to its parent company, its chief executive said on Tuesday. “We have just applied for the licence and we’ll have to […]

UBA unveils banking platform on Facebook

United Bank for Africa Plc has inaugurated an online banking solution called U-Social, designed to promote financial inclusion and to make the bank’s services available to customers regardless of the time and their locations. The bank in a statement said the U-Social offered flexibility and convenience to customers who desire […]

Naira Firms 1.13% on Interbank Market Closes 199.7/$1

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday firmed 1.13 percent compared to the U.S. dollar on the interbank market in a thin trade; supported by the greenback flows from two (2) oil companies, a Reuters report quoted dealers. The report says Nigeria’s local currency closed at 199.7 […]