February 20, 2017/Vanguard By Babajide Komolafe As part of measures to implement the new foreign exchange measures to address the depreciation of the naira in the parallel market, the Central Bank of Nigeria, CBN, and commercial banks will collaborate with state governments to verify tax clearance certificates. Meanwhile, economic experts […]
Updates
Fitch Affirms 3 United Bank for Africa Subsidiaries at ‘B-‘; Outlooks Stable
(This statement was made by Fitch Ratings on February 17, 2017_ Lagos (INVESTADVOCATE)-Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of United Bank for Africa Cameroon (UBA CAM), United Bank for Africa Senegal (UBA SEN) and United Bank for Africa Ghana (UBA Ghana) at ‘B-‘. The Outlooks are […]
CBN approves N375/$1 as PTA/BTA for banks
February 20, 2017/Daily Trust By Sunday Michael Ogwu, The Central Bank of Nigeria has concluded moves to fund commercial banks with additional foreign exchange to carter for school fees, medicals and personal traveling allowance (PTA) and Business Travel Allowance (BTA) at a special rate of N375 to a dollar. The […]
