BUSINESS

UBA offers customers summer discounts

Daily Dispatch July 31, 2023

United Bank for Africa (UBA) Plc has assured customers of a memorable summer treat with the launch of  benefits and discounts tied to its cards during this period. Tagged, the #FunSummer campaign, customers are set to enjoy  privileges and savings between now and  the end of next

BUSINESS

Subsidy Removal: UBA announces cost of living adjustment for its staff

Daily Dispatch July 30, 2023

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to prioritise the welfare of its staff and their families reflecting the current economic realities and its impact on living conditions. To this end, the bank’s Board of Directors have announced the implementation of a cost of living adjustment for its staff […]

BUSINESS

Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy for landmark 20,000 metric tonnes PMS import

Daily Dispatch July 30, 2023

The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria’s leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria’s leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of

BUSINESS

CBN begins gradual phasing out of old naira notes

Daily Dispatch July 26, 2023

The Central Bank of Nigeria has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira notes while issuing new currencies. This announcement was made by the acting governor of the apex bank, Folashodun Shonubi, during the Monetary Policy Committee meeting held at the CBN headquarters in Abuja on Tuesday. In October […]

BUSINESS

CBN hikes interest rate to 18.75%

Daily Dispatch July 25, 2023

The Central Bank of Nigeria (CBN) has moderately raised the monetary policy rate (MPR) from 18.5% to 18.75%. MPR is the baseline interest rate in an economy on which every other interest rate used within the economy is built on it. Acting CBN Governor, Mr Folashodun Shonubi disclosed the hike in MPR at the 292nd […]

BUSINESS

As CBN holds first MPC meeting under Tinubu, experts calls for caution

Daily Dispatch July 23, 2023

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) prepares for its July meeting, some financial experts have called for moderation in its policy decisions. The CBN has announced that the 292nd meeting of the MPC will hold on Monday and Tuesday, to be chaired by Mr Folashodun Shonubi, the Acting Governor […]