Nigeria’s foreign exchange reserves fell 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from central bank showed on Wednesday. The reserves, however, were up 30.86 percent year-on-year, compared with $36.93 billion the same time last year. Nigeria’s central bank had […]
World News
EU Finance Chiefs Said to Reach Deal on Failing Banks
European Union finance chiefs struck an agreement on how to handle failing banks, a step they said would bolster investor confidence and help overcome the euro-area financial crisis. In seven hours of emergency negotiations in Brussels that wrapped up at about 1:30 a.m. today, ministers settled on guidelines for assigning […]
Increase Global Market Interconnectivity, Induce Investors for Higher Yields-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said increase interconnectivity of global capital markets have induced investors to search for higher yields. This is coming on the heels of the 13th IMF Public Debt Management Forum and 3rd U.S. Treasury Roundtable on Treasury Markets and […]
