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Category: Economy

Business Economy

Improved interest income, lower impairment charges bolster UBA performance in Q1 2018

Iheanyi Ejiofor May 8, 2018 headline

Alabingo Finance Report UBA Plc rode on the back of better earnings and significant reduction in its impairment charges on losses to put an impressive performance in the first quarter of…

Read More Improved interest income, lower impairment charges bolster UBA performance in Q1 2018
Business Economy

FOREX Market Gets additional $210m CBN Boost

Iheanyi Ejiofor May 8, 2018 headline

The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another sum of $210 million. The Bank again offered the sum of…

Read More FOREX Market Gets additional $210m CBN Boost
Business Economy headline

CBN injects $349.34m into Retail SMIS

Iheanyi Ejiofor May 4, 2018 headline

The Central Bank of Nigeria (CBN), in its last intervention for the week, has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment…

Read More CBN injects $349.34m into Retail SMIS
Economy headline

Reps to pass 2018 budget on Tuesday

Iheanyi Ejiofor May 3, 2018 headline

The House of Representatives said it will pass the 2018 Appropriation Bill next Tuesday. The Chairman of the House Committee on Media and Public Affairs, Abdulrazak Namdas, disclosed this in…

Read More Reps to pass 2018 budget on Tuesday
Business Economy

CBN signs $2.5bn swap deal with China

Iheanyi Ejiofor May 3, 2018 headline

  The central bank of Nigeria (CBN) has signed a bilateral currency swap agreement with the Peoples Bank of China, (PBoC). The agreement signed by Godwin Emefiele, the CBN governor,…

Read More CBN signs $2.5bn swap deal with China

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