Nigeria’s state oil firm has denied an allegation by the central bank chief that it has failed to account for at least $20bn (£12.2bn) of oil revenues. Lamido Sanusi told a senate committee on Tuesday that out of $67bn of oil sold between January 2012 and July 2013, $20bn was […]
Author: InvestAdvocate
Financial Return Crowd-Funding will Bridge Banks Credit Gap-IOSCO
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Organization of Securities Commissions (IOSCO) Wednesday said financial return crowd-funding will bridge credit gaps left by banks. This is contained in an IOSCO’s staff working paper entitled ‘’Crowd-funding: An Infant Industry Growing Fast’’ Other main benefits of FR crowd-funding include providing a boost […]
CBN creates Retail Dutch account for authorised dealers
The Central Bank of Nigeria (CBN) yesterday released guidelines for the operations of the foreign exchange market. The apex bank also created a designated account for authorised dealers. The account named, Authorised Dealers Retail Dutch Auction System (RDAS) Account was opened at the CBN with account number 1000011194. A statement […]
