Spanish banks’ bad loan ratio at record 11.38 pct in November, totaling $256.17 billion Spain’s central bank says the level of bad debt in the country’s banks rose to a new record 11.38 percent in November, up from 11.23 percent in October. In data released Friday, the bank said non-performing […]
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Nigeria Records 12% December Inflation Rate YoY-NBS Report
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Inflation Rate for December is 12 percent (12%). Recent data from the National Bureau of Statistics reports December headline inflation at 12.0% year on year (y-o-y), a 30bps decrease from the 12.3% y-on-y figure recorded in November 2012. Food inflation also eased to 10.2% y-on-y, a […]
Nigeria’s Central Bank Revokes Licences of 236 Bureaux De Change
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Wednesday announced it has revoked the operating licences of 236 Bureaux De Change. This is contained in a Circular with reference number TED/FEM/FPC/GEN/01/041 posted on the official website of the CBN. The Circular signed by Batari Musa, Director, Trade and Exchange […]
