Money Market

Naira Enjoys More Stability as Speculation Wanes

Culled—Proshare December 16, 2016/TheAnalyst Today, Naira comfortably maintained stable outlook in both markets to close flat against the dollar. It settled at N305.00 and N399.00 at Interbank and Parallel Markets respectively as trading data indicate. Analysis reveals that the Naira sustained a stable trading pattern in both markets to close […]

FT – Lenders Plan Not To Renew Deals with CBN

Culled—Proshare Thursday, December 15, 2016 11:21 AM / by Maggie Fick , FT This “move highlights an erosion of confidence in the monetary authority”. Several banks will not renew agreements worth billions of dollars with Nigeria’s central bank, highlighting the erosion of confidence in the monetary authority, bankers say. The […]

UBA Dominates at Global Banking Awards in London, Wins in Five Categories

December 13, 2016/UBA Plc Pan African banking and financial services group, United Bank for Africa (UBA) provides services to more than 11 million customers in 19 countries in Africa and 3 global financial centers in New York, London and Paris. Its influence and reputation as one of Africa’s largest and […]