Author: InvestAdvocate

ATM fraud: CBN recovers N2bn from banks

  By Emeka Ezekiel, Abuja The Central Bank of Nigeria has recovered N2bn from Deposit Money Banks, being money wrongly deducted from bank customers using Automated Teller Machine cards within the last one year. The CBN Governor, Mr. Lamido Sanusi, disclosed this during a stakeholders’ forum on financial services organised […]

Stocks rebound as news on the economy improves

  NEW YORK – Better economic reports are lifting stocks a day after the market had its biggest drop in seven months.   The number of people applying for unemployment benefits fell more than economists expected last week. Inflation in consumer prices was tame in February.   Production at U.S. […]

Wealthy Japan has means to recover: IMF

WASHINGTON (AFP) – The International Monetary Fund said on Thursday that Japan has the financial means to recover from a devastating earthquake and ensuing massive tsunami.   As the official toll of the dead and missing after Friday’s quake and tsunami flattened Japan’s northeast coast topped 15,000, the IMF stressed […]