The Central Bank of Nigeria (CBN) defended the naira with $4.6 billion in two months, The Nation investigation has shown. The funds were offered and sold in 16 Wholesale Dutch Auctions (WDAS) in August ($2.4million) and September ($2.2million). Findings from the CBN website showed that the apex bank maintained steady supply of […]
Author: InvestAdvocate
Four banks raise N232bn from international market
Four Nigerian banks raised $1.45bn (N232bn) from the International Capital Market between January 2011 and July 2013, the Debt Management Office has said. The Director-General of DMO, Dr. Abraham Nwankwo, disclosed this in a presentation made at a one-day retreat for correspondents in Kaduna on Friday. He said 20 companies […]
Ibori: Prosecution’s Last-Minute Ambush Fails As Judge Strikes Down What Could Have Been A Game Changer
As the assets confiscation hearing of the former Delta State Governor entered its final day, the Judge, His Honour Anthony Pitts, has rebuffed attempts by the British Crown prosecution to change the case upon which the confiscation proceedings have been built from the onset. Crown Prosecutor, Sasha Wass, in her […]