Author: InvestAdvocate

Forex: CBN may penalise 21 banks for round tripping

By Ademola Alawiye The Central Bank of Nigeria may penalise 21 deposit money banks for round tripping and other violations of foreign exchange transactions. A CBN source told our correspondent on Monday that many of the banks might have been involved in round tripping, which had led to a huge […]

Lagos Speaker Back From EFCC, Blames Arrest On Mischief Makers

Fisayo Soyombo LAGOS, September 05, (THEWILL) – Speaker of the Lagos State House of Assembly, Honourable Adeyemi Ikuforiji, who was questioned on Friday in Abuja by the Economic and Financial Crimes Commission (EFCC) over allegations of misappropriating N7billion, was been released Saturday. But he will have to occasionally report at […]