World News

Nigerian naira trades flat vs dlr on strong demand

Nigeria’s naira traded flat against the U.S. dollar at both the interbank and foreign exchange markets on Monday, as strong demand for the greenback soaked up liquidity from two oil firms and the central bank’s currency auction. The naira closed at 157.80 to the dollar, around the same level it […]

Nigerian central bank bars loans to big debtors post-crisis

Nigeria’s central bank has banned loans to 113 firms, including the country’s two major airlines, which have failed to repay debts after a 2009 financial crisis that nearly brought down the banking system, an internal document obtained by Reuters on Sunday said. The ban covers firms whose bad debts were […]

UBA gets ISO 27001 certification for Internet Banking

United Bank for Africa has achieved the distinguished mark of ISO 27001 Certification for its Internet Banking application and Data Centre operations. A statement by the bank on Wednesday, noted that this is following the bank’s commitment to strengthening the security of services provided to customers. The statement noted that […]