The naira depreciated further against the United States dollar at the interbank segment of the foreign exchange market yesterday as a result of strong demand for the greenback. THISDAY checks yesterday showed that the local currency slipped by 71 kobo to close at N158.10 to a dollar Thursday, compared to […]
Author: InvestAdvocate
Nigeria, Dubai, Iceland: All Better Bets Than US
Investors who have done well buying U.S. stocks this year could be doing even better with Nigeria. The Nigerian market, in fact, has outperformed American equities by a large margin, up more than 20 percent this year versus the U.S. gain of a still-respectable 6 percent. Ditto for Dubai, Iceland, […]
JPMorgan says London Whale didn’t cause Lehman bankruptcy
The former JPMorgan Chase & Co (NYSE: JPM – news) trader known as the “London Whale” was not responsible for Lehman Brothers Holdings Inc‘s bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan (LSE: JPIU.L – news) said. In […]
