The House of Representatives has resolved to look into reported cases of fake naira notes being dispensed by Automated Teller Machines (ATMs). The lawmakers noted that the negative trend has the potential of affecting the cash-less economy policy and the economic growth of the country at large. Consequently, House Committee on […]
Tag: Nigeria
DMO to Raise $1.56 Billion in Three Months
Despite the lull in activities in the bond market, the Debt Management Office (DMO) plans to raise to raise between N140 billion ($870 million) and N250 billion ($1.56 billion) over the next three months, its issuance calendar for FGN bonds for Q3 2013, has revealed. When compared with the range […]
CBN Reports $3.24 Billion FOREX Inflow in April 2013
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Tuesday said Foreign Exchange (FOREX) Inflow and outflow in the country April 2013 was US$3.24 billion and US$3.32 billion respectively. Latest figures released by the CBN in its 2013 April Economic Report showed that the US$3.24 billion Inflow and […]
