Author: InvestAdvocate

70% of Nigerian Businesses Stifled by Corruption – Survey

  By Emele Onu, 07.02.2010   A business, crime and corruption survey in Nigeria, conducted by Economic and Financial Crimes Commission (EFCC) in partnership with the United Nations Office on Drugs and Crime (UNODC) revealed that for more than 70 per cent of Nigerian businesses, crime and corruption constitute the […]

Government borrows N420 billion from financial market

    By July 1, 2010 02:12AM   The federal government has continued to borrow from the primary market in a bid to raise funds and also to check inflation. The Debt Management Office (DMO) last week raised a total of N228.36 billion in three, 10 and 20 year bonds. […]

Naira hits 3-mth high as oil firms sell dlrs

  THURSDAY, 01 JULY 2010 01:24   The Nigerian naira NGN=D1 rose to 150.05 to the U.S dollar on Wednesday, its highest level in three months, after some energy firms sold about $192 million at the interbank this week, traders said.   “There have been some dollar inflows from energy […]