Money Market

Naira Falls To N205 – $1 At Foreign Exchange Bureaux

Jan 22, 2015/The Will The Nigerian naira Thursday continued its free fall against the dollar at the foreign exchange bureaus, closing at N206-$1 United States dollar. The naira had sold for between N193 – N194 earlier in the week. Dealers in Lagos, Nigeria’s commercial hub told THEWILL that the market […]

UBA Eyes Expansion to Angola, South Africa-CEO

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s top lender, United Bank for Africa Plc (UBA) on Thursday said it’s planning to expand its operations to Angola and South Africa, a Bloomberg report quoted Phillips Oduoza as saying from Davos, Switzerland at the World Economic Forum (WEF). ` According to the report, […]

CBN Communique No. 99 of the MPC Committee Meeting of Monday 19th and Tuesday 20th January, 2015

Jan 20, 2014/CBN MPCs Considerations The Committee noted with satisfaction the growth performance of the economy as well as the year-end inflation outcome. It was, however, concerned about a number of risks including the security challenge in parts of the country, which has continued to disrupt farming and related activities; […]