The Central Bank of Nigeria (CBN) yesterday set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks. The policy pegs a maximum single deposit amount of N20,000 and maximum cumulative balance of N200,000 at any point in time on the […]
World News
IMF Predicts Increase in World Growth 2013
By Our Correspondent Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday predicted an increase in World Economic Growth 2013. According to the IMF, Global growth is projected to increase during 2013, as the factors underlying soft global activity are expected to subside. However, this upturn is projected to be more gradual […]
Again Nigeria’s Central Bank Retains Rate at 12%
By Our Correspondent Lagos (INVESTADVOCATE)-Again Nigeria’s Central Bank Monday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 87 of the Monetary Policy Committee Meeting of Monday January 21 2013. The CBN retained MPR at 12% with interest rate corridor of […]
