The naira dropped further to 313.5 against the United States dollar at the parallel market on Tuesday as shortage of foreign exchange, especially the greenback, persists in the forex markets. The local currency had traded for 310 to a dollar on Monday. On Tuesday, the naira closed at 199.40 to […]
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CBN Unveils Guidelines for States to Operate TSA
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday released guidelines on the operation of the Treasury Single Account (TSA) by States. This is coming on the heels of State Governments trying to implementing both capital and recurrent expenditures, especially payment of monthly salaries to employees and other […]
LafargeHolcim Names Martin Kriegner Head of India
By InvestAdvocate Lagos (INVESTADVOCATE)- World’s building materials and cement producers, LafargeHolcim said on Tuesday it has named Martin Kriegner, head of India effective March 1, 2016, according to the company in an emailed statement. LafargerHolcim says that Kriegner, currently area manager Central Europe will report to Eric Olsen, Group CEO […]
