Nigeria’s naira firmed against the U.S dollar on the interbank market on Monday, supported by dollar sales by two energy companies, which boosted greenback supplies. The local currency strengthened to 157.30 to the dollar on the interbank market, firmer than the 157.40 it closed on Friday. “The market liquidity was […]
Author: InvestAdvocate
Profit-taking’ll dominate activities this week – Analysts
The equities section of the Nigerian Stock Exchange may not record significant increase this week, capital market analysts have said. This prediction was based on the fact that there is a huge possibility of profit-taking by investors, who would want to cash in on the gains in stock prices. According […]
External reserves climb to $42bn
Latest figures from the Central Bank of Nigeria have shown that foreign exchange reserves jumped to $42.02bn by October 17, the highest in 32 months and an increase of 3.11 per cent, month-on-month. Figures on the CBN website showed that the reserves, which stood at $40.75bn a month ago, were […]
