The naira dropped the most in two weeks after the Central Bank of Nigeria reduced dollar supply at its bi-weekly auction on Wednesday. The currency of Africa’s largest oil producer weakened by 0.3 per cent to N157.38 a dollar as of 3pm in Lagos, the most on a closing basis […]
Author: InvestAdvocate
NSE Increases Market Making Stock by 4
The Nigerian Stock Exchange (NSE) has announced the addition of four new stocks to the market making programme. The new additions are: Flour Mill Plc.; Unilever Plc.; Royal Exchange Plc. and Wema Bank Plc.The new additions bring the number of stocks that have been rolled out by the initiative to […]
Chesapeake’s embattled CEO McClendon to retire
Aubrey McClendon, the brash and embattled CEO of Chesapeake Energy Corp., will leave the company he founded 24 years ago amid philosophical differences with the company’s new board of directors. The company announced Tuesday that McClendon will step down April 1 and will serve as CEO until a successor is […]
