While some experts believe the banking sector needs strong regulation to avoid another financial crisis, others think they are being over-regulated and coerced, Ademola Alawiye writes. The banking sector in any economy serves as a catalyst for growth and development and is, therefore, critical to the economy in terms of […]
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CBN charges N1, 500 on e-Form ‘M’
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria Thursday said it has placed a charge of N1,500.00 on the e-Form ‘M’. This is contained in a Circular with reference number: “TED/PFO/FPC/GEN/01/002, dated March 21, 2013, and signed by W.D Gotring for Director Trade and Exchange Department. The Circular […]
Naira Falls to One-Week Low as Bank Dollar Sales Miss Demand
The naira depreciated for a second day and headed for lowest in a week as the central bank offered fewer dollars than buyers expected at an auction yesterday and as investors’ demand for Nigerian debt waned. The currency of Africa’s biggest oil producer fell as much as 0.2 percent to […]
