Author: InvestAdvocate

Nigerian naira gains vs dollar on oil firms forex sales

The Nigerian naira firmed against the greenback at the interbank market on Wednesday, owing to dollar sales by local units of multinational oil companies to lenders in Africa’s second biggest economy, dealers said.  The local unit closed at 159.55 naira to the U.S. dollar on the interbank on Wednesday, up […]

Mortgage demand fell at year-end, purchases sag

Demand for loans to buy homes and refinance mortgages slid in the final week of 2011, even as mortgage rates dipped, an industry group said on Wednesday. Applications for U.S. home mortgages fell 4.1 percent in the week ended December 30, weighed down by a 9.6 percent drop in purchase […]

Ecobank Nigeria set to delist from Nigeria’s Exchange

By InvestAdvocate Lagos (INVESTADVOCATE)-Ecobank Nigeria Plc has announced its plans to delist from the Daily Official List of the Nigerian Stock Exchange (NSE); as the Banks’ shares has been placed on full suspension. This was contained in a Notice from the Bank to the Nigeria’s Exchange and obtained by www.investadvocateng.com […]