By Our Correspondent Lagos (INVESTADVOCATE)-If the average cost of sending remittance is reduced to five percent (5%) from the current 12.4% Africa’s migrants and their families who rely on remittances for survival will save about $4 billion. This is contained in the March 2013 issue of Finance & Development a […]
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CBN Extends KYC Update Deadline
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria Tuesday said it has extended the deadline on the update for Know Your Customer (KYC) in respect of Designated Non-Financial Businesses and Professions (DNFBPs). This is contained in a Circular with Reference Number FPR/DIR/GEN/CIR/03/001 dated February 25 2013 by Nwaoha […]
Big Banks to Get a Boost With Stress Tests in 2013
Investors may see a big boost for the largest U.S. banks’ shares after the conclusion of so-called stress tests next month. The Federal Reserve will announce the results of the annual stress tests on March 7. The regulator will publish the Comprehensive Analysis and Review (CCAR) on March 14. The […]
