Nigeria’s naira declined, extending this week’s retreat, as the Central Bank of Nigeria’s suspension of foreign-exchange auctions curbed demand for the currency. The currency of Africa’s biggest oil producer slipped 0.3 percent to 156.7 per dollar on the interbank market as of 2:30 p.m. in Lagos, the commercial capital. The […]
Author: InvestAdvocate
House Not Witch-hunting SEC, Rep Maintains
The decision of the Federal House of Representatives not to appropriate funds to the Securities Exchange Commission (SEC) for the 2013 fiscal year is not down to a vendetta agenda against Director-General of the agency, Ms. Arunma Oteh. Members of the House of Representatives and the director-general have been embroiled […]
Lagarde commends Malawi on Liberalisation of FOREX Market
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF), Saturday in Lilongwe congratulated Malawi for the liberalisation of its Foreign Exchange Market. This is contained in a Press Statement from the IMF and made available to www.investadvocateng.com. Lagarde made this congratulatory remark to […]
