By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has planned to phase out Commission on Turnover (COT) by year 2016 according to a Revised Guide to Bank Charges. This is contained in a circular with reference number: “FPR/DIR/GEN/CIR/03/002, dated March 27, 2013, and signed by I.T Nwaoha […]
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WAEMU Average nominal debt stands 40% of GDP-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said average nominal debt for the West Africa Economic and Monetary Union (WAEMU) region now stands at about 40 percent (40%) of Gross Domestic Product (GDP). This is coming on the heels of the IMF’s Executive […]
Yields on T-bills, FGN bonds to rise
Following the increase in inflation rate, financial experts have said that the yields on short-tenored Treasury Bills and FGN Bonds may rise as temporary reaction to the increase. A report made available to our correspondent on Wednesday by FSDH Merchant Bank, however, stated that the yields were likely to drop […]
