The first trading day of the week closed on a negative note as major market indicators of the Nigerian Stock Exchange recorded marginal decline. Specifically, the market capitalisation of the listed equities fell by N 55bn or 0.5 per cent to close at N11.170tn down from N11.225tn recorded at the […]
Author: InvestAdvocate
Mozambique Still Amongst World’s Poorest Countries-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mozambique is still amongst the world’s poorest countries, David Lipton; First Deputy Managing Director (DMD) of the International Monetary Fund (IMF) said this on Monday at Universidade Politécnica, Maputo, while delivering a topic “New Opportunities and New Risks: Prospects for Sub-Saharan Africa and Mozambiqueâ€ÂÂ. “Mozambique […]
Bond Yields Widen as Oil Prices Decline
Yields on the federal government’s bonds increased in April as a result of the relative decline in oil prices as well as a negative shift in global sentiment during the month. Data compiled by THISDAY showed that yields on all the seven actively traded FGN bonds increased during the month.While […]
