Nigeria has room to lower interest rates but still keep inflation in single-digits, the finance minister said on Monday, despite the central bank saying last week that the recent trend of monetary tightening may not be over.  “Of course interest rates were jacked up recently by 275 basis points. That […]

By InvestAdvocate Lagos (INVESTADVOCATE) – Enterprise Bank Limited (EBL) has partnered Federal Inland Revenue Services (FIRS) in the collection of taxes for the Agency. This was contained in a Statement Monday by Mrs. F.N. Okoroafor, Head, Tax Revenue Accounting Department and dated November 21, 2011; but made available to www.investadvocateng.com […]

Nigeria’s state asset management company AMCON will be able to recover 70 percent of the 3.14 trillion naira ($19.68 bln) in non-performing loans it took off the books of banks rescued in a 2009 bailout, its chief executive said on Monday.   AMCON took on 9,000 non-performing loans and has […]