By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The South African rand has been adjudged as one of the worst performing currencies in emerging market currencies in 2013, according to the International Monetary Fund (IMF). This is coming on the heels of the Fund’s conclusion of Article IV consultation of the […]
World News
Naira Falls Most Since 2012 on Auction Changes
Nigeria’s naira fell the most in more than 1 1/2 years as the central bank held its last currency auction before tightened controls of the sales are implemented, boosting demand for dollars. The currency of Africa’s biggest crude producer retreated 1.1 percent to 161.55 naira per dollar by 5:11 p.m. […]
Finally Cashless Policy Takes off in Abuja, Others
Residents of Abuja, Kano and the four other states where the Central Bank of Nigeria (CBN) recently included in the cashless policy, that wish to withdraw or lodge cash above the prescribed limits will have to pay the associated penal fees from today. The other states are Rivers, Ogun, Abia […]
