Press Release The Executive Board of the International Monetary Fund (IMF) endorsed the Revised Guidelines for Foreign Exchange Reserve Management on February 13, 2013. Application of these guidelines should strengthen the international financial architecture, promote policies and practices that contribute to stability and transparency in the financial sector, and reduce […]
World News
Shares gain, dollar up against yen after G20 backs Japan
The dollar strengthened towards 100 yen on Monday and shares rose after the G20 accepted Japan’s bold stimulus policies, helping to counter the gloom over the global growth outlook. In a communiqué after a two-day meeting, the G20 said it would be “mindful” of possible side effects from extended periods […]
CBN to Change N5, N10, N20 & N50 to Paper Notes
By Our Correspondent Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has concluded plans to replace the polymer notes of N5.00, N10.00, N20.00 and N50.00 to paper notes reports our Correspondent monitoring the International Monetary Fund (IMF) and World Bank Spring Meeting in Washinghtion, United States. Tunde Lemo, Deputy Governor, Operations […]
