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, […]
Money Market
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; […]
Nigeria’s Central Bank Maintains Interest Rate at 13%
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 […]