* Key interest rate held at 12 pct for 14th time * Cbank says committed to exchange rate stability * Sanusi concerned about falling oil savings, leakages * High spending ahead of elections next year a worry (Adds details, quote, background) Nigeria’s central bank lifted the cash reserve requirement […]
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Costain West Africa Liquidates Debt to First Bank
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Construction giant, Costain (West Africa) Plc Tuesday announced it has liquidated its debt to First Bank of Nigeria Limited. This is contained in a notice from the company to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria. According to the […]
CBN, IFC to establish asset collateral registry
A member of the World Bank group, the International Finance Corporation, is collaborating with the Central Bank of Nigeria and the Ministry of Industry, Trade and Investment to establish asset collateral registry in the country. The IFC Country Manager for Nigeria, Mr. Solomon Adegbie-Quaynor, who made the disclosure in Lagos […]