By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has issued a February 28 2013 deadline for all Mobile Money Operators (MMOs) to fully connect to the National Central Switch (NCS). This is contained in a Circular Number BPS/DIR/GEN/CIR/01/014 dated December 14 2012 and signed by Dipo Fatokun, […]
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Naira Advances 2nd Day as Yields Drop to Record Low at Debt Sale
The naira advanced for a second day after investor inflows into a Nigerian bond auction pushed yields to a record low. The currency of Africa’s biggest oil producer rose 0.2 percent to 157.5 a dollar at 11:14 a.m. in Lagos, the commercial capital. The naira has gained 3.1 percent this […]
EU: Banking, Sovereign Debt crises lingers-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) Thursday said the European Union (EU) Banking and Sovereign debt crises is still lingering. A Statement from the IMF has said. This is coming on the heels of a Financial Sector Assessment Program (FSAP) conducted on the EU […]
