Press Release/FBNH In a move that can be described as a boost for the nation’s financial inclusion drive, Firstmonie the mobile payment solution from First Bank of Nigeria Ltd has just recently secured a grant of $12million US dollars from the Bill & Melinda Gates Foundation. The charitable purpose of […]
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Nigeria to sell 90 bln naira in 3-, 10-year bonds
Nigeria plans to sell 90 billion naira ($547.61 million) of bonds with maturities of three years and 10 years on March 12 at its third monthly debt auction this year, the Debt Management Office said on Friday. The debt office said it would issue 45 billion naira each of the […]
IMF Endorse Plans to Wind down AMCON
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-International monetary fund (IMF) Friday said it’s endorsing the plans of Nigerian authorities to wind down the operations of the asset management corporation of Nigeria (AMCON). This is part of the Fund’s executive board assessment on the conclusion of the 2014 Article IV consultation with […]