Browsing: Standard Chartered Bank

 E-evaluator and E-invoicing is an initiative of the CBN aimed at ensuring accurate and fair value is assigned to goods imported and exported to and from the country. This initiative is expected to curb over and under-invoicing as well as manage price variations, thus aiding the CBN in reducing capital flight, managing foreign exchange allocation and enhancing efficiency in supply chain flows.

Go back to the late 1990s, when the Singapore government first started issuing bonds. It was relatively easy for income investors – the 10-year bond yield was hovering over 4% and therefore this could play a significant anchor role in any allocation, with other allocations – such as REITs – being used to ‘juice up’ the yield to over 5%.


Announcing the decision in Abuja on Wednesday, CBN’s Director, Corporate Communications, Isaac Okorafor, said the actions on the Bank became necessary following allegations of remittance of foreign exchange with irregular Certificates of Capital Importation issued on behalf of some offshore investors of MTN Nigeria Communications Limited and subsequent investigations carried out by the apex bank in March 2018