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Category: Economy

Business Economy

Only 40% of Nigerian adults are banked — World Bank

Iheanyi Ejiofor April 25, 2018 headline

Emeka Ejere| The financial inclusion target of the Central Bank of Nigeria (CBN) seems farfetched as the World Bank has put the number of unbanked Nigerians adults at about 100 million. According…

Read More Only 40% of Nigerian adults are banked — World Bank
Business Economy

CBN injects $210m into currency market

Iheanyi Ejiofor April 25, 2018 headline

Emeka Ejere| The Central Bank of Nigeria (CBN) said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate dollar…

Read More CBN injects $210m into currency market
Business Economy

UBA shareholders approve N22.23bn dividend for 2017

Iheanyi Ejiofor April 23, 2018 headline

United Bank for Africa (UBA), on Monday, endorsed the payment of N22.23 billion final dividend declared by the board for the financial year ended Dec. 31, 2017. The News Agency…

Read More UBA shareholders approve N22.23bn dividend for 2017
Business Economy

Fear grips OPEC, Russia as U.S oil floods Europe

Iheanyi Ejiofor April 23, 2018 headline

Emeka Ejere | As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia…

Read More Fear grips OPEC, Russia as U.S oil floods Europe
Business Economy

CBN pumps $210m in FOREX market

Iheanyi Ejiofor March 20, 2018 headline

The Central Bank of Nigeria (CBN), on Monday, injected 210 million dollars into the Inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market. The…

Read More CBN pumps $210m in FOREX market

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