The Central Bank of Nigeria (CBN) is working on harmonising all account opening forms for commercial banks in the country to forstall money laundering and terrorism financing. In a circular to all commercial banks and Other Financial Institutions (OFIs), released yesterday, the apex bank said the new directive is a […]
Author: InvestAdvocate
Islamic finance body IILM to reissue $860 mln sukuk next week
Malaysia-based International Islamic Liquidity Management Corp (IILM) will reissue $860 million of its three-month Islamic bond next week, after expanding its issuance programme to $1.35 billion in January. The auction of the three-month sukuk, rated A-1 by Standard and Poor’s, will be conducted on Apr. 17, according to a filing […]
Ghana’s Economy Expands 7.1% in 2013 While Inflation Accelerates
Ghana’s economy expanded 7.1 percent last year, led by faster growth in banking and insurance services, while inflation soared as the currency continues to slide. Banking and insurance surged 23.2 percent, boosting overall growth in services to 8.9 percent, Philomena Nyarko, an official at the Ghana Statistical Service, told reporters […]
