Money Market

IMF and De Nederlandsche Bank NV Amend Borrowing Agreement to Increase Lending Capacity to Low-Income Countries by an Additional SDR 500 Million

24/2/2017/IMF The International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), has entered into an amendment of its 2010 borrowing agreement with De Nederlandsche Bank NV (see Press Release No.10/309), through which the Kingdom of the Netherlands will provide an additional amount of up to SDR 500 million […]

House Committee on Banking and Finance and NEXIM Bank visit Ladgroup Shea Butter Factory in Ogun State

Nigerian Export-Import Bank (NEXIM)/Press Release Lagos, Nigeria, February 24, 2017: The House of Representatives’ Committee on Banking & Currency led by its Chairman, Honourable Sir Jones Chukwudi Onyereri visited the Ladgroup Ltd as part of their ‘Oversight Functions’ to Ladgroup Limited in Ikenna, Ogun State. Ladgroup is the foremost indigenous […]

Skip the Black Market Rates! Buy FX at Union Bank!

February 24, 2017/Union Bank of Nigeria Plc You can now purchase foreign exchange (FX) at select Union Bank branches.  To apply for Personal Travel Allowance (PTA): ·         You must be at least 18 years old ·         You must have a Nigerian passport, valid visa and a return ticket. ·         The flight […]