The management of the Nigerian Stock Exchange has said there will be increased activities in the FGN Bond market this year. The Chief Executive Officer, NSE, Mr. Oscar Onyema, who said this during a briefing, last week, noted that activities in the fixed income bond market would be driven by […]
Author: InvestAdvocate
Naira strengthens as investors buy Nigerian debt
The naira strengthened, paring a weekly loss, as foreign investors brought dollars into the country to buy Nigerian debt after sales this week. The currency of Africa’s biggest oil producer gained 0.2 per cent at N157.2 against the dollar in Lagos, the commercial capital. The naira has depreciated less than […]
Bank of America begins moving $50 billion of derivatives to UK: FT
Bank of America (BAC) has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation. The move will allow the world’s number 10 bank by assets to benefit from tax […]
