archiveJune 13, 2017

The Central Bank of Nigeria (CBN) has intervened in the inter-bank foreign exchange market by boosting the market with $413.5 million. This action of the apex money market regulator further underscores its resolve to guarantee liquidity in the market as well as shore up the international value of the naira....

United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240 per cent over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. According to a press statement from the bank,...