Author: InvestAdvocate

Money laundering: CBN extends deadline for customers’ appraisal

The Central Bank of Nigeria on Tuesday extended the deadline given to Designated Non-Financial Businesses and Professions to update their account information with evidence of registration, towards fulfilling the Know-Your-Customer requirement. The regulator said KYC requirement was expected to enable the regulator to check money laundering and other malpractices in […]

Nigeria plans roadshow ahead of $1 bln Eurobond, timetable shows

Nigeria is planning a one-week roadshow to Britain, Germany and the United States from June 19 with the book-runners for its $1 billion Eurobond, with a view to issuing it this year, a timetable for the trip showed on Tuesday. The timetable, forwarded to Reuters in an email by a […]

Oil prices stay steady before 2-day US Fed meeting

The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New […]