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IMF Cautions Nigeria against Policy Prioritizing Exchange Rate Stability

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global financial institution, the International Monetary Fund (IMF) on Thursday cautioned the Nigerian authorities against continued policy prioritizing exchange rate stability. “A continued policy of prioritizing exchange rate stability would lead to an increasingly overvalued exchange rate, leading to deterioration in the non-oil trade balance […]

NSE lists Series 1 of the FGN Savings Bond

…Series 2 opens on April 3, 2017 March 29, 2017/NSE The Nigerian Stock Exchange (“NSE” or Exchange) today exclusively listed the Series 1 of the Federal Government of Nigeria (FGN) Savings Bond, maturing March 2019. The Savings Bond, the first of its kind in Nigeria, was opened to investing public […]

Disclaimer – Robert Mbonu / Heritage Bank

March 28, 2017/Heritage Bank Ltd Our attention has been brought to reports published by some online news blogs in which mention was made of Mr Robert Mbonu – in connection with EFCC investigations into the alleged diversion of funds from the London and Paris Club refund – as being a […]