Author: InvestAdvocate

CBN Retains Rate at 12%, Ups Private Sector CRR to 15%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Central Bank Tuesday retained the monetary policy rate (MPR) at 12 percent (12%) consecutively for the fifteenth time following its monetary policy committee (MPC) held March 24-25 in Abuja Nigeria. However, the MPC voted to increase cash reserve requirement (CRR) on private […]

NSE Launches Whistleblowing Portal

The Nigerian Stock Exchange (NSE) launched its whistleblowing portal (X-Whistle) on Monday, March 24, 2014, to enable operators, investors and other stakeholders disclose information on market infractions and abuse. Speaking at the launch of X-Whistle, Head, Legal & Regulation Division, NSE, Ms. Tinu Awe, said it is part of the […]

Cisco joins cloud computing race with $1 billion plan

Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world’s biggest online retailer Amazon.com Inc. Cisco said it will spend the amount to build data centers to help run the new service […]