Reports that the Presidency has sanctioned the compilation of a “black list†of mostly foreign-based online journalists by the State Security Service (SSS), is most unusual and curious for many reasons. Firstly, it smacks of desperation by government to silence critics and reinforces the President’s strong anti-democratic credentials. Besides, it […]
Author: InvestAdvocate
CBN Increases Dollar Supply by 46% on Strong Demand
The Central Bank of Nigeria (CBN) increased its supply of the United States dollar at its regulated Wholesale Dutch Auction System (WDAS) last week by 46 per cent as it offered a total of $350 million, compared with the $240 million offered the preceding week. This was as a result […]
NDIC Warns Nigerians against Activities of ‘Wonder Banks’
The Managing Director of the Nigerian Depositors Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has urged Nigerians to take advantage of the new regulations protecting their investments, saying that the corporation would ensure that their deposits remain safe. He also disclosed that the NDIC has paid N90.13 billion to depositors in […]
