By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Inflation Rate for December is 12 percent (12%). Recent data from the National Bureau of Statistics reports December headline inflation at 12.0% year on year (y-o-y), a 30bps decrease from the 12.3% y-on-y figure recorded in November 2012. Food inflation also eased to 10.2% y-on-y, a […]
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Nigeria’s Central Bank Revokes Licences of 236 Bureaux De Change
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Wednesday announced it has revoked the operating licences of 236 Bureaux De Change. This is contained in a Circular with reference number TED/FEM/FPC/GEN/01/041 posted on the official website of the CBN. The Circular signed by Batari Musa, Director, Trade and Exchange […]
IMF Approves €3.24 Billion Facility for Greece
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday approved €3.24 billion or US$4.3 billion Extended Fund Facility (EFF) arrangement for Greece. IMF said its Executive Board completed the first and second reviews of Greece’s economic performance under a program supported by a four-year (4) Extended Fund […]
