By Our Correspondent Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursday said Nigeria’s Inflation Rate is likely to drop below 10 percent (10%) in year 2013. This is coming on the heels of the conclusion Executive Board of the IMF of 2012 Article IV consultation with Nigeria. According to […]
World News
CBN to phase out COT By 2016
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has planned to phase out Commission on Turnover (COT) by year 2016 according to a Revised Guide to Bank Charges. This is contained in a circular with reference number: “FPR/DIR/GEN/CIR/03/002, dated March 27, 2013, and signed by I.T Nwaoha […]
WAEMU Average nominal debt stands 40% of GDP-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said average nominal debt for the West Africa Economic and Monetary Union (WAEMU) region now stands at about 40 percent (40%) of Gross Domestic Product (GDP). This is coming on the heels of the IMF’s Executive […]
