Banks will return 7.91 billion euros ($10.71 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, driving the amount of excess liquidity down and closer to the threshold where market interest rates could rise. By repaying the ECB’s crisis funds early, banks […]
Author: InvestAdvocate
Nigerian Naira Amongst World Most Stable Currencies-Citi Nigeria COO
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Naira is amongst the world’s most stable currency, according to Akin Dawodu, Chief Operating Officer (C0O) and Public Sector Head for Citi Nigeria Limited. Dawodu made this assertion Wednesday at the Citi financial journalists training held at its corporate head office in Lagos […]
Ibori gave me $15m bribe in bag -Ribadu
Desperate to halt a probe into his finances, former Delta State Governor James Ibori tried to bribe anti-corruption boss Nuhu Ribadu in 2007 with $15m in cash in a bag so heavy one man alone could not lift it, Ribadu told a London court on Thursday. Reuters quoted Ribadu as […]