A total of N11.089 trillion was invested in treasury bills by financial institutions and investors in 2012, data compiled by THISDAY have shown. It showed that while a total of N4.393 trillion was invested in the short-term instrument through the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO), treasury […]
World News
UK prepares new law to break up errant banks
British banks that fail to shield their day-to-day banking from risky investment activities could be broken up, Chancellor George Osborne said on Monday, bowing to political pressure to come down harder on reckless lenders. European countries are retooling their financial systems to prevent a repeat of the 2008 financial crash, […]
Investment Account: IMF Introduce Rules to Establish 3 Sub-accounts
By Our Correspondent Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday announced new Rules and Regulations establishing three (3) sub-accounts with the Investment Account. This is contained in a Statement by the IMF and made available to www.investadvocateng.com in Lagos Nigeria. According to the IMF, the three (3) sub-accounts are the […]
