Author: InvestAdvocate

Spring buying boosts US home prices for 4th month

Home prices rose in 17 cities in July from June, but prices fell in most over past 12 months Derek Kravitz WASHINGTON (AP) — Home prices rose for a fourth straight month in most major U.S. cities in July, buoyed by the peak buying season. But the housing market remains […]

Nigeria’s SEC DG rings closing Bell at New York Stock Exchange

Press Release  In a rare affirmation of Nigeria’s rising profile in the global community of capital markets  regulation, Ms. Arunma Oteh, Director General of the Securities and Exchange Commission (SEC) Nigeria rang the bell at the close of trading on the floor of the NYSE yesterday, Monday 26th September, 2011. […]

Naira Slumps, Defeats CBN Forex Policy

By  Obinna Chima The Central Bank of Nigeria’s (CBN’s) defence of the Naira- Nigeria’s local currency, at the regulated Wholesale Dutch Auction System (WDAS) was punctured Monday  as the local currency fell below the benchmark region. The apex bank had designed a deliberate policy aimed at keeping the local currency […]