November 17, 2015/by iMFdirect By Jorg Decressin and Prakash Loungani Devaluation is often part of the remedy for a country in financial trouble. Devaluation boosts the competitiveness of a country’s exports and curtails imports by making them more costly. Together, the higher exports and the reduced imports generate some of […]

The Central Bank of Nigeria on Tuesday said it could have removed the chief executive officers and executive management teams of banks that recently violated the Federal Government’s directive on the Treasury Single Account. The CBN said it chose rather to impose heavy monetary fines on the affected banks because […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Oando Plc plans to raise N80 billion via a rights issue as contained in the company’s 38th annual general meeting (AGM) notice.   Similarly, Oando seeks to increase its issued share capital by up to N40 billion through the issuance of shares out of […]