The naira declined for a fifth day, reaching its lowest in more than five weeks on increased demand for dollars by oil importers and as the central bank cut the amount of U.S. currency sold at today’s auction. The currency of Africa’s biggest oil producer weakened 0.1 percent to 158.83 […]
Author: InvestAdvocate
IMF Publishes Revised Guidelines for Foreign Exchange Reserve Management
Press Release The Executive Board of the International Monetary Fund (IMF) endorsed the Revised Guidelines for Foreign Exchange Reserve Management on February 13, 2013. Application of these guidelines should strengthen the international financial architecture, promote policies and practices that contribute to stability and transparency in the financial sector, and reduce […]
Vanguard, BusinessDay Reporters Win Citi Journalistic Award
By Our Correspondent Lagos (INVESTADVOCATE)- Rosemary Onuoha of Vanguard and Ejiroghene Lucky Obodo of BusinessDay have been named winners of the 2013 Citi Journalistic Excellence Awards competition in Nigeria. This is contained in a Statement from Ogochukwu Sylvia Ekezie Vice President Public Affairs Officer – Nigeria & Ghana Citibank Nigeria […]