By Udeme Ekwere Friday, 11 Feb 2011 Selling activities depressed trading activities on the Nigerian Stock Exchange on Thursday, as key indices continued on a downward slide. This was after a one per cent rally recorded on Wednesday. Specifically, the NSE’s All-Share Index fell by 0.3 per cent or 77.32 basis […]

By Stanley Opara with agency report Friday, 11 Feb 2011 Nigeria’s sovereign wealth fund, currently under debate in the National Assembly, will set aside at least 20 per cent of its assets accrued from crude oil exports for future generations. The Nigeria Sovereign Investment Authority will be split into the Nigeria […]

By Agency reporter Friday, 11 Feb 2011 Stocks dropped, dragging a gauge of developing markets to its biggest loss since November, while the dollar strengthened as accelerating global inflation drives up borrowing costs. Bloomberg News reported on Thursday that Portugal led an increase in the cost of insuring European government’s debt […]