Author: InvestAdvocate

Selling pressure drags down market indices

  By Udeme Ekwere   Tuesday, 14 Sep 2010   Selling pressure depressed trading activities on the Nigerian Stock Exchange on Monday, as key indices continued on a downward slide. Specifically, the NSE‘s All-Share Index fell by 1.14 per cent or 271.24 basis points to close at 23,531.55, down from […]

Presidency submits bill to create wealth fund

  By Agency reporter   Tuesday, 14 Sep 2010   President Goodluck Jonathan said on Monday that he had sent a bill to the parliament to create a sovereign wealth fund. He also said that federal and state governments had set aside $1bn in seed capital. Reuters quoted the President […]

‘How financial inconsistency is worsening liquidity problem’

  By Nike Popoola   Tuesday, 14 Sep 2010   The immediate past President of the Association of National Accountants of Nigeria, Dr. Samuel Nzekwe, has canvassed the need to check the inconsistency in the financial system, which is crippling economic activities. He said that the financial inconsistency as a […]