By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) Thursday said it working at developing an Islamic Finance Master Plan for the Nigerian Capital Market. Arunma Oteh, the Director General of the Commission made this disclosure at the Second Quarter 2013 Capital Market Committee (CMC) Meeting and review of performance […]
Author: InvestAdvocate
Nigeria forex reserves fall to lowest in 3-months
Nigeria’s foreign exchange reserves fell 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from central bank showed on Wednesday. The reserves, however, were up 30.86 percent year-on-year, compared with $36.93 billion the same time last year. Nigeria’s central bank had […]
Foreign direct investment to Nigeria, S. Africa fell in 2012-UN
Africa was one of only two regions in the world to experience an increase in foreign direct investment in 2012 but inflows to regional giants Nigeria and South Africa declined, a United Nations report said on Wednesday. While global FDI fell by 18 percent last year, Africa bucked the trend […]
