Deposit Money Banks will need to begin aggressive moves to retain private sector customers following the recent increase in Cash Reserve Requirement of private sector deposits by the Central Bank of Nigeria’s Monetary Policy Committee. The MPC had last week increased the CRR on private sector deposits to 15 per […]
Author: InvestAdvocate
Nigeria loses $155bn to money laundering, fraud – Report
The President, Lagos Chamber of Commerce and Industry, Mr. Ismail Bello, says a recent report indicated that Nigeria had lost $155bn to money laundering and other illegal outflows. This, he said, represented 19 per cent of the total of $854bn outflow from Africa to the developed economies. He spoke at […]
Gun Battle Near Aso Rock Villa… As Boko Haram Suspect Attempt Jail Break
An attempted Jail break by members of the terrorist Islamic group, Boko Haram, held at headquarters of the Department of State Services (DSS), in Asokoro,Abuja, led to sporadic shooting within the premises of the security agency, Sunday, morning. A statement issued by spokesperson of the DSS, Marilyn Ogar, said the […]
