The naira depreciated further against the United States dollar at the interbank segment of the foreign exchange market yesterday as a result of strong demand for the greenback. THISDAY checks yesterday showed that the local currency slipped by 71 kobo to close at N158.10 to a dollar Thursday, compared to […]
World News
ADB president nominated to head Japan central bank
ADB president Kuroda nominated to become Japan’s next central bank governor Japan‘s prime minister Shinzo Abe vowed to push ahead with more aggressive monetary easing as he Thursday nominated Haruhiko Kuroda to head the country’s central bank. The current Bank of Japan governor, Masaaki Shirakawa, will step down on March […]
Reducing Cost of Remittance, African Migrants to Save $4 billion
By Our Correspondent Lagos (INVESTADVOCATE)-If the average cost of sending remittance is reduced to five percent (5%) from the current 12.4% Africa’s migrants and their families who rely on remittances for survival will save about $4 billion. This is contained in the March 2013 issue of Finance & Development a […]
