Author: InvestAdvocate

1st Bank Enforces Charges on Cash Policy

First Bank of Nigeria has said it would, from October 1, begin implementation of the cashless policy of the Central Bank of Nigeria, which stipulates that banks should charge customers for every cash deposit and withdrawal exceeding N500,000 for individuals and N3 million for corporate organisations. The CBN directive on […]

Private companies shy away from bond market

The domestic bond market has been an attractive place for the federal and state governments to raise funds to finance developmental projects, but private companies appear not interested despite its huge potential. OYETUNJI ABIOYE examines the issue. While companies are still visiting the capital market to raise funds, the same […]