The naira is set to remain on the back foot this week after hitting a seven-month low against the dollar on Thursday as offshore investors sell local debt. Kenya’s shilling is also expected to trade in a narrow band ahead of the outcome of a petition challenging the presidential election […]
Author: InvestAdvocate
Inter-bank rates to drop further on excess liquidity
Financial market watchers have said that the inter-bank rates will drop further this week as a result of excess liquidity in the market. Analysts at FSDH, in a report made available to our correspondent, said, “We expect Open Market Operation maturity of about N249.70bn to hit the system in the […]
Investors advised to take advantage of low prices
Analysts have advised investors to take advantage of the present decline in equities to increase their holdings. The analysts said most stocks in the equities section of the Nigerian Stock Exchange were selling at prices below their 2013 year-high. They added that this might be a good time for investors […]