Since the beginning of the year, indices in the equities section of the capital market have been upbeat, with capitalisation rising to N10.66tn on Friday. In this piece, Udeme Ekwere examines the market drivers and ways to sustain them. For Pius Oyeniran, 2012 started like any other year with so […]
Author: InvestAdvocate
Naira Snaps Two-Day Drop as Foreign-Currency Reserves Increase
The naira gained for the first time in three days after data from the Central Bank of Nigeria showed the country’s foreign-currency reserves increased. The currency of Africa’s biggest oil producer rallied as much as 0.3 percent, the most since Jan. 25, as the nation’s foreign-exchange reserves advanced to $46.15 […]
Europe’s central banks stand firm on rates
Europe’s central banks resisted pressure to do more to support growth, keeping interest rates at record low levels Thursday as evidence emerged that the region’s economy may be on the mend. The European Central Bank left its key interest rate at 0.75%, and the Bank of England held its at […]
