The cash-less policy of the Central Bank of Nigeria enters a new phase today (Monday) as the maximum ceiling of N150,000 placed on conversion of third-party cheques to cash by individuals takes off. The implication is that any cheque above N150,000 originating from a third party must be lodged into […]
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Rand Retreat Triggers Record Currency Futures Trading
The plunging rand drove currency futures trading on South Africa’s exchange to a record this month amid bets for further depreciation. Trading rose to 40 billion rand ($3.9 billion) this month, the most ever, Warren Geers, the JSE Ltd. (JSE)’s general manager for bonds and financial derivatives, said in an e-mailed […]
IMF Projects 1.6% Growth for Japan in 2013 End
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Friday projected the growth of Japan to be 1.6 per cent (1.6%) in year 2013 end. This is coming on the heels of the annual Article IV discussions with the Japanese authorities. The IMF team said with Japan’s new policies […]
