Nigeria will make a second $1 billion withdrawal from its Excess Crude Account (ECA) by next month to distribute to its three tiers of government for projects, reducing its oil savings to $6.82 billion, the state minister for finance said on Thursday. The figure compares with $9 billion that the […]
Author: InvestAdvocate
Nigeria’s Exchange All-Share Index Appreciates 1.69% to Close
By Richard ABANGWU Investadvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday appreciated 1.69 percent (1.69%) or 556.80 Points to close the week. From the NSE’s Weekly Report for March 22 2013, the Bloomberg NSE 30 Index appreciated by 18.88 points or 1.20% to close at 1,597.35. Also, […]
‘Things Fall Apart’ author Chinua Achebe dead at 82
Chinua Achebe, the internationally celebrated Nigerian author, statesman and dissident who gave literary birth to modern Africa with “Things Fall Apart†and continued for decades to rewrite and reclaim the history of his native country, has died. He was 82. Achebe died following a brief illness, said his agent, Andrew […]