By Karen Freifeld WASHINGTON (Reuters) – New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman said on Sunday. Schneiderman joined Connecticut’s Attorney General George Jepsen to start the investigation six months ago into the […]
Author: InvestAdvocate
High interest rate compounding Nigeria’s debt burden – Experts
The Central Bank of Nigeria’s 12 per cent benchmark interest rate is one major factor that has led to the increased debt burden facing the country, experts have said. They noted that until the CBN reviewed the Monetary Policy Rate downward, Nigeria might keep finding it tough to reduce its […]
CBN to set up SME fund in October
The Central Bank of Nigeria on Friday said it would set up the N200bn Small and Medium Scale enterprises fund in October. The CBN Governor, LamidoSanusi, disclosed this at the African Women’s Economic Summit titled, ‘African Women Financing the Future’ in Lagos. According to the CBN, the fund is expected […]
