August 9, 2016/CBN Further TO the Circular Reference No. TED/FEM/FPC/GEN/01/004 Dated July 22, 2016, which granted approval to Authorised Dealers who are agents to approved International Money Transfer Operators (IMTSO) to sell foreign currency accruing from inward money remittances to licensed Bureaux De Change Operators (BDCs), the following additional requirements […]
Updates
BVN: CBN Extends Deadline to December 2016 for Nigerian Banks Customers in Diaspora
August 9, 2016/CBN You will recall that as part of its efforts towards ensuring full implementation of the BVN project, the central Bank of Nigeria released the guidelines for the enrolment of Nigeria banks’ customers in diaspora in August 2015. The move was to ensure that the Nigerian Banks’ customers […]
The Reverse Supply Curve of Property in Lagos; Real Estate Vacancy Index up by 4.2%
Culled—-Proshare August 9, 2016/FDC Vacant properties in Lagos are not only enigmatic but also confusing to analysts. Instead of rents crashing as housing supply increases, we are seeing landlord resistance and tenants walking away. Lekki in particular, with a vacancy factor of 165, is witnessing a reverse supply curve (A […]
