The Central Bank of Nigeria (CBN), on Thursday reported a 9.78 per cent growth in currency revolving around the nation’s economy, as currency-in-circulation stood at N1.571 trillion at the end of November, 2013. According to the CBN data published on its website, the figure represented an increase of N140.07 billion […]
Author: InvestAdvocate
Dangote Plans $16bn Investment in Africa
Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion. According to the President of the group, the investment will help the Lagos-based company grow by almost a third […]
Dollar scales 5-yr peak against yen as markets brace for Fed meeting
The U.S. dollar clambered to a 5-year peak against the yen in Asia on Friday, after upbeat U.S. retail sales data stoked expectations the U.S. Federal Reserve could start scaling back its massive bond buying stimulus as early as next week. The Fed will hold its last policy meeting of […]
