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Category: Economy

Business Economy

China Development Bank, UBA sign letter of intent for a $100 million loan to support SMEs in Africa

Iheanyi Ejiofor March 2, 2018

United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, on February 27, 2018 announced the signing of a…

Read More China Development Bank, UBA sign letter of intent for a $100 million loan to support SMEs in Africa
Business Cover Economy

FG to shame, prosecute tax offenders from April 1

Iheanyi Ejiofor March 1, 2018 headline

Chidi Samuel || The federal government will from April 1, name, prosecute, and shame tax evaders that fail to utilise the tax amnesty programme, the Voluntary Assets and Income Declaration…

Read More FG to shame, prosecute tax offenders from April 1
Business Economy

Again, CBN warns on Virtual Currencies

Iheanyi Ejiofor February 28, 2018

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. A press release…

Read More Again, CBN warns on Virtual Currencies
Business Economy

UBA, China development bank partner to finance African SMEs in $100m deal

Iheanyi Ejiofor February 28, 2018

Ebun Francis || One of Nigeria’s leading banks, the United Bank for Africa (UBA) Plc and China Development Bank (CDB) have signed a $100 million seven-year loan agreement to finance…

Read More UBA, China development bank partner to finance African SMEs in $100m deal
Business Economy

CBN boosts inter-bank market with $210m

Iheanyi Ejiofor February 28, 2018 headline

The Central Bank of Nigeria (CBN) has again made interventions in the inter-bank sector of the Foreign Exchange market with the injection of $210 million into three segments of the…

Read More CBN boosts inter-bank market with $210m

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