-As World Bank IMF Set for Spring Summit By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Monday projected a regional economic growth that will ease to 7.6 percent (7.6%) in 2014 from 7.8% in 2013 as its sets with the International Monetary Fund (IMF) for its annual spring meeting. The […]
Author: InvestAdvocate
JPMorgan hit with new investor lawsuit over “Whale” losses
A Missouri pension fund has sued JPMorgan Chase & Co (JPM.N) executives and board members over $6.2 billion in trading losses that were revealed last year, citing a recent U.S. Senate report that criticized the bank’s management for failing to catch the bad trades. The Police Retirement System of St. […]
Nigerian Naira Heads for Two-Week Low as Oil Price Retreats
Nigeria’s naira depreciated for a third day, heading for the lowest in two weeks as oil, the nation’s key export, retreated and prompted a slide in the external reserves of Africa’s biggest oil producer. The currency of sub-Saharan Africa’s second-biggest economy slid 0.1 percent to 158.10 per dollar by 11:31 […]
