By Our Correspondent Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Banks to submit returns on European Investment Bank’s Investments for the period January 28 to December 2012. This is contained in a Circular with Reference Number TED/FEM/FPC/GEN/01/24 dated January 28 2013 signed by NT Igba for Director, […]
World News
IMF approves US$18.4 Million Rapid Credit for Mali
By Our Correspondent Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday said it has approved about US$18.4 million an amount equivalent to SDR 12 million for Mali under the Rapid Credit Facility (RCF). This is contained in a Statement from the IMF and made available to www.investadvocateng.com in Lagos Nigeria. The […]
Naira falls on strong demand
The naira fell the most in almost a week on demand for dollars to fund gasoline imports. The currency of Africa’s largest oil producer weakened 0.1 per cent, the most since January 23 on a closing basis, to N157.13 a dollar as of 3:42 p.m. in Lagos, the commercial capital, […]
