Author: InvestAdvocate

Naira gains on energy firms’ dollar sales

By Agency Reporter   Thursday, 27 Jan 2011 The naira firmed against the sliding United States dollar at the inter-bank market on Wednesday as energy firms’ month-end dollar sales buoyed liquidity and supported the local currency, traders said. According to Reuters, the dollar on Wednesday hit a two-month low against […]

Naira gains on energy firms’ dollar sales

By Agency Reporter   Thursday, 27 Jan 2011 The naira firmed against the sliding United States dollar at the inter-bank market on Wednesday as energy firms’ month-end dollar sales buoyed liquidity and supported the local currency, traders said. According to Reuters, the dollar on Wednesday hit a two-month low against […]

Gbagbo, Ouattara fight for control of central bank

By Agency Reporter   Thursday, 27 Jan 2011 Ownership and control of the Francophone West African Central Bank on Wednesday in Abidjan opened a new chapter of conflict between the two presidents of Cote d’Ivoire. Internationally recognised President of Cote d’Ivoire, Alassane Ouattara, on Wednesday ordered that the headquarters and […]