Fri Feb 20, 2015/Reuters Nigerian overnight lending rates fell to an average 25 percent on Friday from a record high of 95 percent last week after the central bank retired about 100 billion naira ($502.77 million) in Treasury bills, dealers said. Traders said the repayment of matured Open Market Operation […]

Press Release Feb 21, 2015/UBA Pan-African Bank, United Bank for Africa (UBA) Plc has emerged winner in three categories of the maiden edition of the MasterCard Cashless Champion Awards. The initiative was launched in October 2014 by global payments technology company, MasterCard, and is aimed at encouraging the adoption of […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Friday traded  197/$1  on the interbank market compared to 199/$1 on Thursday, according to the Central Bank of Nigeria (CBN). The CBN had on Wednesday announced the scrapping of its biweekly currency auctions and said it would sell dollars only at […]