World News

New banking model’ll boost transparency, economy – Group

The new model being adopted by Nigerian banks will go a long way in promoting transparency and the nation’s economy, the Constance Shareholders Association has said. In its quest to ensure professionalism in the financial sector, the Central Bank of Nigeria had scrapped the universal banking structure, which was introduced […]

Don’t curtail CBN’s autonomy, Ogwuma cautions N’Assembly

A former Governor of the Central Bank of Nigeria, Dr. Paul Ogwuma, has cautioned the National Assembly against diminishing the autonomy of the bank saying such a move is capable of introducing “partisan political consideration into monetary policy making.” Ogwuma, who was the governor, CBN, between 1993 and 1999, pointed […]

World Bank Reports $4.9 Trillion External Debts for developing Countries in 2011 end

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Friday said the combined stock of developing countries’ External Debt increased by $464 billion to $4.9 trillion at end 2011. This is contained in a Press Release by the Bank and obtained by InvestAdvocate. The World Bank said Net External Debt Inflows […]