United Bank for Africa Plc said it had reduced its minimum opening balance in a bid to provide its customers with the right mix of products and services that are tailored to meet their banking needs. A statement by the bank said with a minimum of N2, 000, customers could […]

The naira weakened to a four-month low on Monday as foreign investors continued to pull out their money from government bills and bonds due to fears about inflation and currency weakness. The local unit was traded at N161.25 to the dollar on Monday, as against N160.70 on Friday at the […]

A consortium of local underwriters and re-insurers, led by Prestige Assurance Plc, owned largely by Indian nationals, will have to pay a minimum of N2.29bn to the relatives of the ill-fated Dana Airline plane that crashed in Lagos on Sunday. The crash claimed the lives of 146 passengers and seven […]