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…
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Category: Economy
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,…
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Buhari to Ghana president: We shut borders due to influx of arms, hard drugs
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…
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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…
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Completion of Lagos-Ibadan rail in April no longer feasible – Amaechi
Minister of Transportation,Mr. Rotimi Amaech, says it is unlikely the Lagos-Ibadan standard gauge rail line will be completed in April. Amaechi stated this via his twitter handle on Monday. “Today…
Read More Completion of Lagos-Ibadan rail in April no longer feasible – Amaechi