By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) has announced the withdrawal of GBP 50.0 (£50) John Houblon notes by the Bank of England (BoE). This is contained in a circular by J.O Ajewole, acting director, trade and exchange department with reference number TED/FEM/FPC/GEN/01/009 and dated March […]

Nigeria’s incoming central bank Governor Godwin Emefiele said a devaluation of the naira would be “devastating” for the economy. The Central Bank of Nigeria’s exchange-rate policy is correct and the regulator needs to ensure Africa’s largest oil producer has a strong currency, Emefiele said in his first public comments since […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Senate Wednesday confirmed Godwin Emefiele as the new governor of central bank of Nigeria (CBN). Reports reaching InvestAdvocate from the red chambers of the national assembly also confirmed is Adebayo Adelabu as the new deputy governor of Nigeria’s central bank. David Mark, president of […]