No fewer than five members of All Progressive Congress (APC) in the House of Representatives from Kano, Sokoto, Zamfara and Kaduna States to Peoples Democratic Party (PDP). They are Lawan Shehu-Bichi (Kano); Abdulsalam Asamu (Kano); Sani Dangaladima (Zamfara); Ibrahim Shehu-Gusua (Zamfara); and Umar Bature ( Sokoto) . Meanwhile another lawmaker […]
Author: InvestAdvocate
Nigeria’s FOREX Inflow through CBN Fell 1.6% in Nov’ 13
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foreign exchange (FOREX) inflow through its central bank for November 2013 fell by 1.6 percent (1.6%) compared to the previous month, the economic report November 2013 released by the central bank of Nigeria (CBN) said. The report said forex inflow and outflow in the […]
Nigeria Banks at Risk From Corporate Governance Issues, S&P Says
Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s. “We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at […]
