Updates

Nigeria must consider oil asset sales as foreign loans delayed: Senate leader

September 20, 2016/Reuters By Libby George | ABUJA Nigeria must consider selling stakes in joint ventures with oil majors and other assets as talks to borrow abroad have not succeeded yet and would in any case not generate enough funds to stimulate economic recovery, the leader of the Senate said. […]

Mastercard Commits to Action at White House Summit on Refugees

September 20, 2016/MasterCard By Marisa Grimes More than 65 million people around the world have been forced from their homes by conflict and persecution. Their need for assistance is great, and a crisis of this scale requires more than state action. The private sector must also act with urgency to […]

CBN Retains Benchmark Interest Rate, Cash Reserve Ratio

September 20, 2016 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) on Tuesday retained its benchmark interest rate at 14 percent and cash reserve ratio (CRR) AT 22.5 percent. This is coming on the heels of the 252nd meeting of the MPC which […]