By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) said on Tuesday currency-in-circulation (CIC) rose 3.4 percent to N1.548.3 billion at the end of the third quarter (Q3) of 2014 compared with the increase of the same margin at the end of the corresponding quarter of […]

Dec 22, 2014/CBN  Barely a month after the Central Bank of Nigeria (CBN) signed agreement with players in the power sector in collaboration with the Ministries of Power and Petroleum Resources as well as the National Electricity Regulatory Commission (NERC) on the Nigerian Electricity Market Stabilisation Facility (NEMSF), the Bank […]

Dec 23, 2014/BusinessDay May accelerate capital flight Wide black market set to re-emerge The circular reducing the FX trading position of banks to 0 percent of shareholders’ funds from 1 percent has led to a collapse in interbank FX liquidity, Business Day has learnt. This has left foreign investors trapped […]