The European Central Bank launched a raft of measures on Thursday to fight low inflation and boost the euro zone economy, cutting rates, imposing negative interest rates on its overnight depositors and offering banks new long-term funds. The ECB cut all its main rates to record lows in a drive […]
Author: InvestAdvocate
Dangote Flour Appoints Thabo Mabe Group CEO
By InvestAdvocate Lagos (INVESTADVOCATE)- Dangote Flour Mills Plc on Thursday announced the appointment of Thabo Mabe as group chief executive officer (GCEO) of the flour mills firm. The company said in a notice to the Nigerian stock exchange (NSE) that the appointment of Mabe took effect from June 02, 2014. […]
Nigeria’s naira at 1-month low after central bank flags lower interest rate
The Nigerian naira eased to a one-month low of 163.85 on Thursday, shedding 0.69 percent against the U.S. dollar after new central bank governor Godwin Emefiele said he wanted to gradually lower interest rates. The unit closed at 162.72 naira to the dollar on Wednesday. The naira was last seen […]