By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria Wednesday released guidelines approving Cheque clearing system to T+1. Under the guidelines titled, “Guidelines on Cheque Truncation in Nigeria” approved by the CBN March 14 2012, Clearing Period – Under the Cheque Truncation regime, cheques shall clear on a T+1 […]

The naira currency was unchanged against the United States dollar on Wednesday after the Central Bank of Nigeria increased dollar supply at the bi-weekly foreign exchange auction. The naira closed at N157.65 against the dollar at the inter-bank market, the same rate as the previous day. Reuters quoted a dealer […]

  By Opeyemi Issa InvestAdvocate Lagos (INVESTADVOCATE)-United Bank for Africa Plc (UBA) Wednesday said the Police Pension Account domiciled in the Bank was opened with the authorisation of the Office of the Minister of Finance and Accountant General of the Federation (AGF). UBA in a Statement signed by its Management […]