Money Market

President Jonathan Unveils New 100 Naira Note

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-President Goodluck Jonathan on Wednesday unveiled the new 100 naira note to commemorate Nigeria’s centenary celebration. This is to mark Nigeria amalgamation which held in 1914. Godwin Emefiele, governor of Central Bank of Nigeria said the new note was launched to mark Nigeria’s 100 years […]

UBA Commits $1million to the Ebola Fight

Press/UBA Foundation Elumelu urges corporate Africa to take up the challenge Lagos, Nigeria 12 November, 2014 — The United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does […]

Nigerian naira slips on strong foreign demand for dollars

Tue Nov 11, 2014/Reuters Nigeria’s naira currency weakened slightly on the interbank market on Tuesday due to strong demand for dollars from foreign investors. The local currency closed at 168.40 to the dollar, compared with 168.20 the previous day. Traders said the central bank had intervened in the market to […]