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Central Bank retains 12% interest rate

Nigeria’s central bank kept its policy rate on hold at 12 percent on Tuesday for the fourth time in a row, citing the need to balance inflationary concerns with slowing growth. Central bank governor Lamido Sanusi said the bank was concerned about a slowdown in global economic activity and lower […]

Starcomm’s Private Placement: Grand-Mother of all Frauds in the Nigerian Capital Market-Revealing!!!

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Starcomms Plc year 2008 Private Placement (PP) maybe one of the highest fraud ever in the Nigerian Capital Market (NCM). Facts have emerged on the June 03 2008 Private Placement by the Code Division Multiple Access (CDMA) operator in the Nigerian Telecommunication […]

Starcomms re-launches Credit Service to “Talk Now Pay Later”

By Yakubu LAAH Investadvocate Lagos (INVESTADVOCATE) – Code Division Multiple Access (CDMA) operator in the Nigerian Telecommunication Industry, Starcomms Plc, has re-launched its S-Credit valued added Service to “Talk Now, Pay Later” to make it more consumer friendly. This is contained in a Statement by Friday Atufe Senior manager (media) […]