Nigeria’s naira retreated for a third day, set for its lowest closing level in more than a year, in the absence of central bank intervention and foreign-exchange sales from oil companies. The currency of Africa’s biggest crude producer declined 0.7 percent to 163.35 per dollar as of 2:24 p.m. in […]
World News
Cooperative and Islamic Banks: What can they Learn from Each Other?
The recent global financial crisis has forced consumers, business, and voters to reconsider what are desirable features of a financial system. There is a feeling of unease with the dominance of very highly-leveraged institutions determined to maximize return on equity from quarter to quarter, focusing on high-volume own-account trading in […]
IMF Appoints New Resident Representative in Greece
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursady announced it has appointed a new resident representative to Greece. The IMF said Wes McGrew will be replacing Bob Traaa, whose three (3) years assignment ends this month. According to the IMF, McGrew a US national has been in […]
