The cheque truncation policy of the Central Bank of Nigeria commenced penultimate Friday, with the Lagos Clearing House serving as the pilot zone. ADEMOLA ALAWIYE examines the feasibility of the scheme. As part of efforts to revamp the national payments system, the Central Bank of Nigeria, in August, 2007, inaugurated […]
Author: InvestAdvocate
NSE places Starcomms on Full Suspension
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Friday placed on full suspension the shares of Starcomms Plc due to potiental Capital Restructuring by the Telecomms Company. This is contained in a notice from the NSE and obtained by www.investadvocateng.com in Lagos Nigeria. “We have today placed Starcomms Plc on Full […]
Nigeria’s Inflation Drops to 12.8% in July 2012-Report
The National Bureau of Statistics (NBS) today reported Nigeria’s July headline inflation at 12.8% year-on-year (y-o-y), down by 10bps from 12.9% recorded in June 2012. In contrast, food inflation rose by 10bps to 12.1% from 12.0%. Core inflation (measured by All Items Less Farm Produce (Index) however dropped to 15.0% […]
