Experts have said the successive increase in the lending rate in 2012 by the Central Bank of Nigeria will dampen credit creation in the economy. The experts, who spoke with our correspondent on Thursday, said that the move by the MPC had increased the cost of borrowing, which was having […]
Tag: Central Bank of Nigeria
First Bank Appoints New Executive Director
By InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Plc (FBN) Wednesday said it has appointed a new Executive Director (ED), Adebayo Adekola Adelabu to help strengthen the Corporate Governance of the Bank. This is contained in Press Release from the Bank and obtained by www.investadvocateng.com in Lagos Nigeria. “Determined to deepen […]
Obstacles on the path to effective cash-less policy
One year after the commencement of the cash-less policy in Lagos, stakeholders say the initiative is still faced with many problems, ADEMOLA ALAWIYE writes The cash-less policy started in Lagos on January 1, 2012, with the aim of promoting the use of electronic means of transactions and making the country […]
