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World Bank cautions Nigeria over rising domestic debt

TUESDAY, 12 OCTOBER 2010 BY ADE OGIDAN   The World Bank has warned Nigeria to check its rising domestic debt, saying it could cause harm to its economy. Nigeria’s domestic debt is about $21.8 billion (about N3 trillion).Speaking with The Guardian on Monday, the World Bank Managing Director, Okonjo Iweala, […]

Depositors of failed Microfinance banks may be paid within 90 days

  By Stanley Oronsaye October 12, 2010 01:52AM   Barring last minute hitches, depositors of the microfinance banks whose licenses have been revoked may get paid within the next 90 days. The Nigeria Deposit Insurance Corporation (NDIC), the agency that is responsible for insuring all deposit-taking institutions said any delay […]

Total Non-Oil Export Earnings by Nigerian Exporters drop by 56.4%-CBN

By Yakubu LAAH investadvocate Oct 12 2010 05.00 GMT   Lagos (investadvocate)- The total non-oil export earnings by Nigerian exporters in the second quarter (Q2)of 2010 fell by 56.4 percent  (56.4%) to US$297.2 million from the level in the preceding quarter. This was contained in the Central Bank of Nigeria’s […]