(Fixes slug for media clients) * Air crash killed 16 people last week * Africa’s 2nd biggest economy has patchy safety record * Dana Air crash killed 163 last year, worst in two decades Nigeria’s aviation minister has caused outrage by calling air crashes inevitable acts of God, as she […]
Author: InvestAdvocate
Nigeria naira falls as dollar liquidity thins out
Nigeria’s naira eased against the U.S. dollar on the interbank market on Wednesday as importers started to lock-in their hard currency needs at favourable rates. The local currency closed at 160.35 to the dollar compared with Tuesday’s close of 159.8 naira. Traders said some importers took advantage of the increased […]
Obama to choose Yellen for top Fed job, markets relieved
U.S. President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world’s most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus. The nomination will put Yellen on course to be the first woman […]
