By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the thirteenth; as it showed concerns over election spending following its Monetary Policy Committee (MPC) held November 18-19 2013 in Abuja Nigeria. At the end of the MPC […]
Author: InvestAdvocate
JPMorgan $13 billion mortgage settlement expected Tuesday: sources
JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said. The civil settlement would mark the end […]
Portfolio investment inflow declines by 4.4% -CBN report
Portfolio investment inflow into Nigeria declined by 4.4 per cent from $6.82bn in the first quarter to $6.52bn in the second quarter of 2013, a new report by the Central Bank of Nigeria has shown. The report entitled, ‘Developments in the External Sector of the Nigeria Economy for the Second […]