23/5/2017/UBA Plc In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc, has announced the launch of a brand new mobile banking application with many user friendly features. The new mobile app which comes with the biometric […]
Money Market
Ghana central bank cuts interest rate by 100 basis points to 22.5 pct
22/5/2017/Reuters Ghana’s central bank lowered its benchmark interest rate on Monday by 100 basis points to 22.5 percent, citing a downward trend in inflation towards medium term targets of 8 percent plus or minus 2 percentage points, Governor Ernest Addison said. The cut, which economists had expected, reflected lower risks […]
CBN injects $205m as Naira falls to N379/$
May 23, 2017/Vanguard By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday injected $205 million into the foreign exchange market even as the naira depreciated to N379 per dollar in the parallel market. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor confirmed the dollar injection in a statement […]
