Lagos (INVESTADVOCATE)-Adegoyega Babalola, the Managing Director/Chief Executive Officer (MD/CEO) of Sterling Registrars Limited has passed on. A visit by InvestAdvocate to the Firm in Lagos Nigeria revealed that he passed on Thursday September 29 2011 shortly after arriving from London where he went for a Medical Treatment. Reports from the […]

By Obinna Chima with agency report Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday said that the naira could be allowed to devalue if oil prices and foreign exchange reserves continue to fall and monetary intervention attempts are exhausted. Reuters quoted Sanusi as making these […]

By Obinna Chima Unless the move by the Central Bank of Nigeria (CBN) to reduce the dominance of cash in the system is embraced, the cost of managing cash in the Nigerian economy may increase to N192 billion by 2012. Deputy Director, Currency Operations, CBN, Mr. Albert Ikmseedun, made this […]