The Bank of Industry has signed a Memorandum of Understanding with ten banks to provide loans at low-interest rate to the Small and Medium Enterprises sub-sector. According to the MoU, the 10 banks will provide loans for the SMEs certified by the BoI at an interest rate of the Monetary […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s local currency the naira on Monday closed at a new record low of N191.10 compared to Friday’s N190.60 despite the intervention by the Central Bank of Nigeria (CBN), a Reuters report said. According to the report, quoting a dealer, the naira continued to weaken […]

The Group Managing Director and Chief Executive Officer, United Bank for Africa Plc, Mr. Phillips Oduoza, says he does not see any significant devaluation of the naira happening in the country as the country has enough external reserves to keep supporting the naira. As a result, he urged investors in […]