By Gbenga Agbana Thursday, 25 Nov 2010 The continued dominance of the bears in the equities sector of the Nigerian Stock Exchange, despite the commencement of the operations of the Asset Management Corporation of Nigeria, has been attributed to the “closing of books†by some institutional investors for the 2010 financial […]
Author: InvestAdvocate
Global convergence makes IFRS indispensible
By Agency Reporter Thursday, 25 Nov 2010 The Institute of Chartered Accountants of Nigeria has said the adoption of the International Financial Reporting Standard is now indispensible. This, it said, followed increasing global convergence towards the best reporting standards. The President, ICAN, Major Gen. Sebastian Owuama (retd), said this in an […]
Naira weakens on strong dollar demand
By Agency Reporter Thursday, 25 Nov 2010 The naira eased further on the inter-bank market and at the official window on Wednesday as strong demand for the dollar put pressure on the local currency, traders said. The naira closed at N150.85 to the dollar in the inter-bank market, compared to N150.65 […]
