By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Group of Twenty (G-20) has projected Global Real Gross Domestic Products (GDP) of 3.5 percent (3.5%) in year 2013. This is coming on the heels of the meetings of the G-20 Finance Ministers and Central Bank Governors in February 2013 in Moscow and a […]
World News
IMF Advised to reduce unwarranted disclosure concerns on Countries
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) Wednesday advised the Fund to reduce unnecessary disclosure concerns on individual countries as part of its recommendations aimed to address some longstanding problems that undermine trust in the Fund and other key […]
CBN issues lending guidelines between banks, subsidiaries
The Central Bank of Nigeria has issued new directives on lending guidelines involving Deposit Money Banks, Financial Holding Companies and other subsidiaries within the group. The CBN said in a circular on Tuesday that credit by a bank to its HoldCo would be regarded as a return of capital and […]
