Standard Chartered Bank has announced plans to increase its investment in Nigeria and some other countries in Africa. The bank said that the growth opportunities on the continent, especially Nigeria, were enormous. It said it was, therefore, important for the country to focus on its strengths to boost investment. A […]
World News
Nigerian Naira Weakens as Central Bank Reduces Dollar Supplies
The naira depreciated to the lowest in almost a week as the Central Bank of Nigeria offered fewer dollars at an auction, offsetting its decision to hold the key lending rate at a record high to support the currency. The currency of Africa’s biggest oil producer fell 0.2 percent to […]
Cut Rate to Halt Further Economic Decline-Analysts
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Analysts at Afrinvest West Africa has called on the Monetary Policy Committee (MPC) to cut in the Monetary Policy Rate (MPR) in order to prevent the economy from further decline as revealed in the Gross Dometsic Product (GDP) figures. According to the Research Note from […]
