World News

CBN charges N1, 500 on e-Form ‘M’

By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria Thursday said it has placed a charge of N1,500.00 on the e-Form ‘M’. This is contained in a Circular with reference number: “TED/PFO/FPC/GEN/01/002, dated March 21, 2013, and signed by W.D Gotring for Director Trade and Exchange Department. The Circular […]

Naira Falls to One-Week Low as Bank Dollar Sales Miss Demand

The naira depreciated for a second day and headed for lowest in a week as the central bank offered fewer dollars than buyers expected at an auction yesterday and as investors’ demand for Nigerian debt waned. The currency of Africa’s biggest oil producer fell as much as 0.2 percent to […]

Standard Chartered to increase investment in Nigeria, others

Standard Chartered Bank has announced plans to increase its investment in Nigeria and some other countries in Africa. The bank said that the growth opportunities on the continent, especially Nigeria, were enormous. It said it was, therefore, important for the country to focus on its strengths to boost investment. A […]