By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Thursday said Zimbabwe’s external debt is high and largely in arrears. Lagarde made this affirmation at the approval of a Staff-Monitored Program (SMP) for Zimbabwe, covering the period April-December 2013. “Zimbabwe’s external debt is […]
World News
CBN orders banks to report B’Haram, Ansaru transactions
Following the recent proscription of the violent Islamic sects, Boko Haram and Ansaru, by the Federal Government, the Central Bank of Nigeria has ordered banks to check the activities of the terrorist groups. The central bank in a letter to all banks on Wednesday, directed them to check their database […]
NDIC re-strategises to address banking sector challenges
The Nigeria Deposit Insurance Corporation has begun moves to re-strategise its operations to enable it to effectively address emerging challenges in the banking sector. The Managing Director/Chief Executive, NDIC, Alhaji Umar Ibrahim, disclosed this on Wednesday in Abuja during a retreat organised for board members of the corporation. He said […]
