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Nigeria central bank to auction dollars for fuel import

5/12/2016/Reuters Nigeria’s central bank has asked banks to submit bids for a “special currency auction” targeting fuel importers to meet demand for matured letters of credit, traders said on Monday. Traders said the central bank sent a message to banks on Monday to submit backlog dollar demand from fuel importers […]

Buhari’s Presidency Keen on Supporting Game-Changing Private Sector Projects-VP

1/12/2106/Press Release *Osinbajo in Sagamu, on second visit to industrial hubs in a week In a consistent demonstration of the administration’s determination to press the diversification agenda and promote private sector partnership with the Federal Government, Vice President Yemi Osinbajo, SAN, continued his tour of industries in the country today […]

AfDB and United Bank for Africa Plc sign US$ 150 million Line of Credit

30/11/2016/AfDB The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the […]