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Category: Economy

Economy headline

Nobody has been licenced to run okada services in Lagos– Govt

Iheanyi Ejiofor January 28, 2020 No Comments

The Lagos State government says it has not given licence to any person or group to operate commercial services with motorcycles, otherwise known as okada in the state. Gbenga Omotosho,…

Read More Nobody has been licenced to run okada services in Lagos– Govt
Economy headline

CBN retains MPR at 13 %, raises CRR to 27.5

Iheanyi Ejiofor January 24, 2020 No Comments CBN retains MPR at 13 %raises CRR to 27.5

The Central Bank of Nigeria (CBN) has retained the monetary policy benchmark rate at 13.5 per cent but increased the Cash Reserve Ratio (CRR) from 22.5 to 27.5 percent. CBN…

Read More CBN retains MPR at 13 %, raises CRR to 27.5
Business Economy

UBA Connect Set to Deepen Intra-African Trade

Iheanyi Ejiofor January 21, 2020 No Comments #UBA Connect Set to Deepen Intra-African Trade

…Customers Can Now Make Cash Withdrawals In Local Currencies Pan African financial institution, United Bank for Africa (UBA) Plc, has announced the official launch of a flagship product UBA Connect,…

Read More UBA Connect Set to Deepen Intra-African Trade
Economy headline

Buhari to Ghana president: We shut borders due to influx of arms, hard drugs

Iheanyi Ejiofor January 21, 2020 No Comments hard drugsWe shut borders due to influx of arms

President Muhammadu Buhari held a bilateral meeting with his Ghanaian counterpart, Nana Akufo-Addo on Monday in London, where he continued to defend the closure of the nation’s borders. Special Adviser…

Read More Buhari to Ghana president: We shut borders due to influx of arms, hard drugs
Breaking Economy

Union Bank raises N20bn through Commercial Paper

Iheanyi Ejiofor January 20, 2020 No Comments #Union Bank raises N20bn through Commercial Paper

Union Bank of Nigeria (UBN) Plc has commenced bids for the issuance of Commercial Paper (CP) with 180-day and 268-day tenor to raise the sum of N20 billion. The bank’s…

Read More Union Bank raises N20bn through Commercial Paper

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