By InvestAdvocate New York (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) in its effort to stabilise the naira has authorised agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators. This is contained in a circular with reference […]
Updates
Africa50 to mobilise $1 billion for infrastructure projects in Africa
July 23, 2016/AfDB Africa50 held on 21 July 2016 its first Annual General Meeting (AGM) following its historic Constitutive General Assembly which took place in July 2015 and where twenty (20) African countries and the African Development Bank subscribed to a total of USD 830 million in its initial share capital. The AGM saw the participation of African […]
Strengthening the Framework for Post Program Monitoring
July 22, 2016/IMF On July 1, 2016 the Executive Board of the International Monetary Fund (IMF) discussed the IMF’s policy on Post Program Monitoring (PPM), based on a staff report Strengthening the Framework for Post Program Monitoring. PPM provides a framework for closer engagement with members that have substantial outstanding […]
