By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday unveiled new guidelines for licensing financial and regulation of Financial Holding Companies in Nigeria. This is contained in a circular dated August 29, 2014 with reference number FPR/DIR/CIR/GEN/04/011 and signed by Kevin Amugo, director, financial policy and […]

Nigeria’s interbank lending rates climbed 25 basis point to an average of 10.75 percent on Friday, after funding for forex purchase and issuance of treasury bills curbed market liquidity. The central bank retired about 198 billion naira ($1.22 billion) of matured open market operations (OMO) bills on Thursday, but rolled […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-One of Africa’s biggest lenders, United Bank for Africa Plc (UBA) on Friday announced the launch of U-bills an online payments and collections platform. UBA said in a statement made available to InvestAdvocate that the U-bills online payment platform has been enabled in all the […]