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CBN invests $5m in Int’l Islamic Liquidity Mgt Corporation

CBN invests $5m in Int’l Islamic Liquidity Mgt Corporation

Central Bank of Nigeria (CBN), has formally joined International Islamic Liquidity Management Corporation with an initial investment of $5 million. The investment accords Nigeria the full membership of the body. What is not clear, however, is if the investment has the backing of the Presidency that has the power to approve such investment.

Mikel fumbles, disappoints Keshi

Mikel fumbles, disappoints Keshi

Super Eagles and Chelsea midfielder, John Obi Mikel was the biggest villain at Stamford Bridge yesterday as his error in the midfield gifted Liverpool the leeway to recording a surprise 2-1 over Chelsea in Premier League game.

Kogi youths beat DPO, burn police van

Kogi youths beat DPO, burn police van

BARELY 24 hours after a gang of armed robbers invaded the Kabba Divisional Police Station, killing two officers, another Divisional Police Officer, (DPO) was beaten to a pulp while two others sustained serious injuries when a group of rampaging youths attacked Egume division of the station, Sunday.

Idle cash in an economy does not aid production

Idle cash in an economy does not aid production

Last week, Financial Vanguard had an interactive session with Ade Ashaye who is the regional director, Visa card in Lagos. He spoke on the role cards will play in Nigeria’s bid for a cashless economy, the difference between debit and credit cards, the deployment of SIM card-enabled and battery-powered points of sale terminals in Lagos. Excerpt: