The Central Bank of Nigeria has commenced a risk-based examination or management of loan portofios of Deposit Money Banks to check inherent risks in their operations, investigation has revealed. Our correspondent gathered from a reliable source on Tuesday that the test, which was ongoing, was scheduled to hold for six […]
World News
Nigeria’s Central Bank Reports N1.012 trillion revenue in August 2012
By InvestAdvocate Lagos (INVESTADVOCATE)-Gross federally-collected revenue in August 2012 was estimated at N1,021.10 billion, showing an increase of 26.4 and 3.6 per cent above the monthly budget estimate and the preceding month’s level, respectively. At N749.11 billion, gross oil receipts exceeded both the monthly budget estimate and the preceding month’s […]
Nigeria naira firms slightly on Mobil dollar sales
The Nigerian naira strengthened slightly against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of ExxonMobil and some offshore investors buying local debt. The naira closed at 157.30 to the dollar on the interbank market, firmer than the 157.35 to the dollar […]
