By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s central bank on Tuesday maintained interest rate at 13 percent and cash reserve requirement (CRR) at 20 percent by 500 basis points in November. Also, the Central Bank of Nigeria (CBN) retained public sector CRR at 75 percent. This is coming on the heels […]
Money Market
Nigeria naira up 2.3 pct as banks, energy firm sell dollars
Mon Jan 19, 2015/Reuters Nigeria’s naira recovered from a record intraday low on Monday after two commercial lenders and an energy company sold dollars on the interbank market ahead of a central bank interest rate meeting, dealers said. The two lenders and Nigeria’s LNG sold an undisclosed amount of dollars, […]
UBA Names Samuel Oni Non-Executive Director
By InvestAdvocate Lagos (INVESTADVOCATE)-African lender, United Bank for Africa Plc (UBA) on Monday announced it has appointed Samuel Oni as non-executive director of the bank effective January 16, 2015 and subject to the approval of the Central Bank of Nigeria (CBN). The lender in a notice to the Nigerian Stock […]
