16/11/2016/Thisday Goddy Egene The foreign investment in Nigerian equities in the third quarter of 2016 fell to nine – year low as investors seek safety in less risky and high yielding fixed income securities. The capital importation data supplied by the Central Bank of Nigeria (CBN) and recently released by the […]
Updates
FG to recover N450bn from CBN, PTDA, SEC, others
16/11/2016/Punch Ifeanyi Onuba The Federal Ministry of Finance on Tuesday announced the constitution of a committee to recover about N450bn unremitted operating surpluses from some agencies of the government. The committee headed by the Accountant-General of the Federation, Alhaji Ahmed Idris, is to reconcile the operating surpluses of 31 revenue-generating […]
CBN Says Heritage Bank not in Distress
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday said Heritage Bank Limited is not in distress and financial fit to carryout is obligations as a lender. This is contained in a statement signed by Isaac Okorafor, Ag. Director, Corporate Communications of the CBN. The statement reads thus: […]
