Daily Archives: February 20, 2024

UBA is official sponsor of ECOWAS Mining and Petroleum Forum

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024.

Central bank restricts company transfers of oil export revenues abroad

The Central Bank of Nigeria (CBN) has decided to control the migration of export proceeds by international oil companies (IOCs) to their parent accounts offshore, saying the practice harms the liquidity of the domestic foreign exchange market.