By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, United Bank for Africa Plc, (UBA) on Tuesday said it has introduced ‘’Priority Pass’’ a new value added services offered by the bank to female Ruby Account Customers. The “ Priority Pass ” grants customers access to over 600 VIP lounges in more […]
Money Market
Nigerian naira closes at new low of 173.20, despite central bank intervention
Nov 17, 2014/Reuters Nigeria’s naira closed at a new low of 173.20 against the dollar on Monday, down 1.21 percent in volatile trades, despite central bank intervention to prop up the currency, dealers said. The regulator asked lenders to bid for $2 million each in a move to shore up […]
CBN meets bank MDs as naira crashes
The naira, which has been under pressure in the last few weeks, on Monday crashed against the dollar to N173.20 at the interbank market, causing panic in the financial sector. There are also indications that this has prompted the Central Bank of Nigeria to call all bank chief executive officers […]
