By Stanley Opara Friday, 7 Jan 2011 Following the addition of the Chinese yuan to tradeable currencies in the Nigerian financial system by the Central Bank of Nigeria, there are strong indications that the exchange rate of the naira to the dollar will improve in 2011. This inference is hinged on […]

By Ademola Alawiye Friday, 7 Jan 2011 The Central Bank of Nigeria on Wednesday intervened in the foreign exchange market, as it offered $250m for sale at the foreign exchange auction. According to the information on the CBN website, the apex bank offered $250m, while the total amount demanded was $389.25m. […]

By Udeme Ekwere Friday, 7 Jan 2011 Despite the losses recorded by global stocks on Thursday, the equities segment on the Nigerian Stock Exchange continued on an upward trend. This week alone, the market capitalisation of the listed equities rose by N448bn from N8.020tn on Tuesday to N8.468tn. This represents an […]