Author: InvestAdvocate

NSE delists N35bn FGN Bond

The Nigerian Stock Exchange has delisted the N35bn FGN Bond February 2012 from the Daily Official List. The NSE report for the week ended March 2, 2012, noted that this bond was delisted early last week on maturity, adding that by the move, the number of listed FGN Bonds had […]

Examining banking sector reforms

More than two years after the Central Bank of Nigeria embarked on the banking sector reforms with a special audit that culminated in the sacking of eight bank chiefs, ADEMOLA ALAWIYE reflects on the advancement so far. The reforms going on in the banking industry in the last two years […]

CBN converts $500m of reserves into Chinese currency

Following the approval of the inclusion of the Chinese currency in the country’s external reserves mix last year, the Central Bank of Nigeria has converted $500m of the country’s external reserves into the Yuan in the last six months. The CBN Governor, Mr. Lamido Sanusi, said in an interview in […]