Despite the global financial crisis, which erupted in 2008 that is yet to abate in Europe and United States of America, estimates from the World Bank has put offshore remittances to Nigeria at $21.0 billion (N3.3 trillion). The World Bank estimates, which was quoted by FBN Capital, is consistent with […]
Author: InvestAdvocate
Sanusi Projects Mixed Outlook for Nigeria’s Forex Reserves
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Tuesday restated that volatility of global oil prices and weak output performance in domestic economy are factors that may jeopardise Nigeria’s foreign exchanges reserves accretion. Nigeria’s forex reserves, which slipped marginally to $48.723 billion on Monday, […]
Disengaged workers sue Access Bank for unpaid gratuities
The case instituted against Access Bank Nigeria Plc. about 1500 ex-employees over unpaid gratuities, came up for hearing on Tuesday at the National Industrial Court, Ikoyi, Lagos, where Justice A. O. Obaseki-Osaghae presided. The first hearing was on February 4, 2013. In the aftermath of the acquisition of Intercontinental Bank […]
