The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday disclosed that over 200 Bureau de Change companies had met the new guidelines introduced by the bank recently. The CBN had recently increased the capital base of the BDC companies from N10m to N35m, among other guidelines. It gave […]
Author: InvestAdvocate
Peugeot signs deal to build cars in Nigeria
PSA Peugeot Citroen will start producing cars in Nigeria this year with a local manufacturing partner, the French carmaker said on Wednesday. Paris-based Peugeot will begin building its 301 sedan in small volumes at a plant operated by PAN Nigeria Ltd in the central state of Kaduna, the […]
President Jonathan Seeks $1 Billion Loan to Fight Boko Haram
By InvestAdvocateLagos (INVESTADVOCATE)-President Goodluck Jonathan on Wednesday sought the permission of the National Assembly to borrow $1 billion (N165 billion) to fight Islamist-insurgents Boko Haram. The $1 billion according to him is to help equip the Nigerian armed forces in the fight against the Boko Haram according to a letter […]