As Nigeria gets richer, more Nigerians live in poverty. That’s the paradox of growth in Africa’s biggest oil producer, its most populous nation and which, as of March 31, may be its top-ranked economy. The National Bureau of Statistics is recalculating the value of gross domestic product based on production […]

The Nigerian Senate will on Thursday, March 20, 2014 begin the formal screening of Mr. Godwin Emefiele,GCEO of Zenith Bank Plc;  President Goodluck’s preferred nominee to replace Sanusi Lamido Sanusi as Governor of Central Bank of Nigeria (CBN). The information to this effect was contained in Tuesday’s Senate Notice Paper […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday announced that Nemat Shafik, its deputy managing director (DMD) will leave to join the Bank of England (BoE). Shafik leaves the Fund to assume the position of deputy governor at the Bank of England responsible for markets and banking […]