World News

House Directs CBN To Stop Using Forex For Local Transactions

The House of Representatives, Thursday, urged the Central Bank of Nigeria (CBN) to stop the use of foreign currencies as means of exchange in local and domestic transactions in Nigeria. The decision was arrived at the plenary following the adoption of a motion brought before the House by Hon. Nadu S. […]

Euro falls vs dollar as euro zone economy shrinks

Euro falls against dollar as euro zone economy shrinks in the fourth quarter Signs that the recession is deepening in the 17 countries that use the euro pushed the currency lower against the dollar Thursday. The euro fell to $1.3346 in late trading Thursday from $1.3450 late Wednesday. Eurostat, the […]

CBN Kicks off Financial Inclusion in Borno State

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) will Friday February 15 2013 kick off its Financial Inclusion strategy in Maiduguri Borno State, North Eastern Nigeria. This is coming on the heels of the Committee’s meeting held in Abuja Nigeria on Wednesday February 13 2013. Ahmed Kuru, […]