The United Bank for Africa Plc is set to play a leading role in the electronic card segment of Nigeria ’s financial industry as it introduces the UBA MasterCard for banking convenience of its customers across the globe. With the UBA MasterCard, customers of the bank can now carry out […]
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Naira Falls Most in Three Weeks on Dollar Shortage: Lagos Mover
The naira weakened for a second day on the Nigerian interbank market, heading for its biggest fall in three weeks, as import demand for dollars exceeded supply. The currency of Africa’s top oil producer fell 0.4 percent to 158.18 a dollar as of 11:33 a.m. in Lagos, the commercial capital, […]
N5,000 note will reduce interest rates – Bankers Committee
The Bankers Committee has said that the currency restructuting exercise especially the planned introduction of the N5,000 note will help banks reduce interest rate. This was the position of the committee at the end of its 309th meeting on Tuesday in Abuja. Addressing journalists at the end of the meeting […]
