Money Market

Naira Declines to Record, CBN Affirms Continues Defense

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday declined to its record low to two (2) percent s Brent crude extended losses from the worst levels in four  (4) years, eroding revenue in Nigeria, a Bloomberg report said. The report affirmed that while the Central Bank of Nigeria (CBN) […]

President Jonathan Unveils New 100 Naira Note

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-President Goodluck Jonathan on Wednesday unveiled the new 100 naira note to commemorate Nigeria’s centenary celebration. This is to mark Nigeria amalgamation which held in 1914. Godwin Emefiele, governor of Central Bank of Nigeria said the new note was launched to mark Nigeria’s 100 years […]

UBA Commits $1million to the Ebola Fight

Press/UBA Foundation Elumelu urges corporate Africa to take up the challenge Lagos, Nigeria 12 November, 2014 — The United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does […]