Tue Feb 2, 2016/Reuters By Caroline Valetkevitch U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil (XOM.N) and another steep drop in oil prices. Shares of Exxon (XOM.N) fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly […]
Tag: InvestAdvocate
Nigeria Approaches African Development Bank for $1 Billion Budget Support Loan
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria has approached the African Development Bank (AFDB) for Budget Support Loan of $1 billion, the Africa lender said on Tuesday. “During the High-Level Mission conducted by the Bank to Nigeria last week to strengthen the policy dialogue on how best the Bank can provide […]
CBN Releases Approved Guidelines for Banking Operations in the Free Zones in Nigeria
February 2, 2016/CBN Objectives The objectives of these Guidelines are to – complement and enhance the provisions of the Free Zones (FZs) Acts; provide details of regulatory and supervisory requirements necessary to promote efficient and sustainable banking services in Nigeria’s FZs; spell out details of permissible and prohibited activities of […]
