By Ifeanyi Onuba, Abuja Apparently jolted by criticisms that have followed its recommendation that the naira is overvalued, the International Monetary Fund has said that it stands by its report on the Nigerian economy. It, however, said that contrary to widely-held insinuations, it never at any time asked the Central […]

By Stanley Opara Global financial services firm, Ernst & Young, has said it will invest over $150m in Africa over the next few years on human capacity development. The firm said the move would make its clients to realise their potential, leveraging a team with deep professional know-how. The firm’s […]

By Stanley Opara The framework for the computation and maintenance of Cash Reserve Requirement of all Deposit Money Banks has been modified by the Central Bank of Nigeria. CRR is the amount of funds that DMBs must hold in reserve against deposits made by their customers. It is the proportion […]