Nigeria’s interbank lending rates rose slightly this week to an average of 15.33 percent, from 15.16 percent last week, as naira liquidity fell, on large outflows to foreign exchange purchases, traders said on Friday. Nigeria’s central bank had sold a total of $601 million at its bi-weekly foreign exchange auction […]
Author: InvestAdvocate
We will restore investors confidence- Nigeria’s CIS President
“First known as the Nigerian Institute of Stockbrokers, the Chartered Institute of Stockbrokers has been in existence since 1990. It was initially incorporated as a private company limited by guarantee and was later chartered in 1992 by the Act 105 of the Federal Republic of Nigeria. It is the only […]
Nigerian Naira Strengthens the Most in Two Weeks on Dollar Sales
By Emele Onu, Bloomberg Nigeria’s naira strengthened the most in two weeks after the central bank and oil companies sold dollars. The currency of Africa’s top oil producer appreciated 0.5 percent to 162.1050 per dollar in the interbank market as of 3:29 p.m. in Lagos, the biggest gain on a […]
