Author: InvestAdvocate

National Assembly suspends money laundering bill indefinitely

      Friday, 13 August 2010   The House of Representatives has indefinitely suspended consideration on the anti-money laundering bill, which the president, Goodluck Jonathan, has twice urged a speedy delivery to, against a global deadline.   The House made attempts yesterday to discuss the bill, which is fashioned […]

Bread prices to go up -Dangote Flour

  By,130810   There are strong indications that consumers of bread in the country may have to pay more in the coming days as prices of wheat products have continued to rise.   The Deputy Managing Director of Dangote Flour Mills Plc, Mr. Shuaibu Idris, said the cost of the […]

Inter-bank rates climb on large cash outflows

  MONDAY, 16 AUGUST 2010 01:13     Inter-bank lending rates climbed to 1.66 percent on average last week from 1.08 percent penultimate week due to large cash outflows to forex and treasury bills purchases by commercial banks, traders said. They said cash withdrawals by state energy firm, Nigerian National Petroleum […]