By Stanley Opara Friday, 22 Oct 2010 Financial experts in Nigeria have said that the country can maintain a downward trend of its inflation rate. They said this could be realised if the Central Bank of Nigeria continued to implement the right monetary policies given the peculiarities of the Nigerian economy. […]

By Agency Reporter Friday, 22 Oct 2010 United Bank for Africa Plc said on Thursday it recorded a N16.87bn ($110m) pre-tax profit in the nine months to September from a loss of N13.45bn last year. Gross earnings fell to N136.36bn in the period from N146.41bn last year, the bank said in […]

By Stanley Opara with agency report Friday, 22 Oct 2010 Nigeria‘s foreign exchange reserves rose marginally to $34.72bn by mid-October from $34.59bn at the end of last month, enough to finance more than a year of imports, the Central Bank of Nigeria said on Thursday. The country has drawn on its […]