Latest figures from the Central Bank of Nigeria have shown that foreign exchange reserves jumped to $42.02bn by October 17, the highest in 32 months and an increase of 3.11 per cent, month-on-month. Figures on the CBN website showed that the reserves, which stood at $40.75bn a month ago, were […]
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Nigerian interbank rates ease on budget disbursal
Nigerian interbank lending rates eased by 100 basis points this week to an average of 10.41 percent, from 11.41 percent last week, after monthly budgetary allocations to government agencies flooded into the system. The secured Open Buy Back (OBB) eased to 10.25 percent, from 10.5 percent last week, 1.75 percentage […]
Staff of UBA Visits Flood Displaced Persons, Donate Relief Materials
Press Release Moved by the plight of victims of the recent flood in parts of Delta state, staffs of United Bank for Africa (UBA) Plc have provided relief materials and other items to flood displaced persons in Delta State. Specifically, UBA staff at Ughelli recently mobilized funds via voluntary contributions […]
