The imperfect competition in the banking sector since the shake-up by the Central Bank of Nigeria in 2009 has continued as five out of the 20 banks in the country currently control 70 per cent of the market. A report obtained from the Financial Derivative Company Limited on Friday listed […]
Author: InvestAdvocate
Good fundamentals, cheap prices drive market growth – Analysts
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 […]
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 […]