Equity trading activities on the Nigerian Stock Exchange continued on a negative note on Wednesday, breaking the rally, which existed for the greater part of last week. Specifically, the NSE’s All-Share Index fell by 0.4 per cent or 132.28 basis points from 33,487.82 points on Tuesday, to 33,355.54 basis points. […]
Author: InvestAdvocate
IMF endorse Single Supervisory Mechanism for Euro Area Banking Union
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) has endorsed a Single Supervisory Mechanism (SSM) for Euro Area Banking Union. This is contained in an IMF Staff Discussion Note “A Banking Union for the Euro Area†released February 2013 and made available to www.investadvocateng.com. In discussing […]
OPEC Survival Uncertain Amid U.S. Oil Output Growth
A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc. “OPEC should find it challenging to survive another 60 years, let alone another decade,” analysts led by Ed Morse, global head of commodities […]
