The Central Bank of Nigeria’s decision to keep defending the falling naira from the nation’s external reserves has put the reserves in free fall, tumbling by a whopping sum of $5bn in 11 weeks, according to statistics on the CBN website. The latest CBN data showed that the foreign reserves […]
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Why coins are out of circulation – CBN
The Central Bank of Nigeria on Thursday said that the low purchasing power of the coin as opposed to other currency denominations was a major reason for its limited circulation. The acting Governor, CBN, Dr. Sarah Alade, stated this on Thursday during a school mentoring programme on financial literacy for […]
Global Money Week: Wema Bank Mentor Students on Financial Literacy
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wema Bank Plc Thursday announced it has advised students on financial literacy as part of activities to mark the 2014 global money week. A statement by Mari-Goretti Ani, brand & marketing communications of the bank and made available to InvestAdvocate said in partnership with the […]