World News

Dollar rises on “fiscal cliff” uncertainty

The dollar rose against major currencies on Monday as growing concern Washington would fail to reach a last-minute deal to avert the “fiscal cliff” drove investors to the safe-haven U.S. currency. U.S. Senate Majority Leader Harry Reid said on Monday, ahead of a midnight deadline, that congressional negotiators still needed […]

Fitch, GCR Assign UBA Positive Ratings

The United Bank for Africa (UBA) Plc has said it was given impressive ratings by two leading rating agencies- Global Credit Rating Company (GCR) and Fitch Ratings (Fitch). A statement from the bank at the weekend said the ratings attested to the group’s strong liquidity, solid risk management and robust […]

World Bank Chides Nigeria, Others over Poor Statistics

The World Bank has decried the quality and relevance of data from Nigeria and other African countries, which it described as largely obsolete. The bank’s Director, Department of Economic Policy and Poverty Reduction Programmes, Africa, Mr. Marcelo Giugale, stated this in a report e-mailed to THISDAY at the weekend. He […]