Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus. When she succeeds Ben Bernanke, whose second four-year term as Fed chairman […]
Author: InvestAdvocate
CBN defended naira with $26.6bn in 2013 – Report
In a bid to save the naira from devaluation last year, the Central Bank of Nigeria defended the currency with approximately $26.6bn from the nation’s external reserves; findings by our correspondent have shown. Information obtained from the CBN website on Monday revealed that the bank sold about $26.6bn to currency […]
Presidency, police insurance, bank charges to gulp N556m
The Presidency, ministries of Agriculture and Rural Development and Finance, as well as police formations and commands, among others, are to spend the sum of N555.98m on financial expenses such as bank charges and insurance premium this year. The amount is contained in the 2014 budget proposals for the affected […]
