The International Organisation of Securities Commissions has cautioned the regulators of the Nigerian capital market on the need for proper regulations of the derivatives market. The international body gave the caution against the backdrop of plans by the Nigerian Stock Exchange to develop its derivatives market in the next few […]

Inter-bank lending rates inched up slightly to an average of 14.50 per cent last week, compared to 14.25 per cent recorded the previous week, as banks funded their foreign exchange and treasury bill purchases. The Central Bank of Nigeria sold a total of N137.97bn ($848.78m) in treasury bills, ranging from […]

United Bank for Africa Plc has said it will continue to broaden the spectrum of card services available to customers in a bid to provide convenience banking. A statement by the bank on Friday said its customers could now leverage the growing global presence of UBA to ease the stress […]