By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Group of 20 Nations Saturday said it will not embark on currency war; but rather resolved to achieve a lasting reduction in global imbalances through joint actions. This is contained in a Press Statement from the International Monetary Fund (IMF) after the conclusion of […]
World News
House Directs CBN To Stop Using Forex For Local Transactions
The House of Representatives, Thursday, urged the Central Bank of Nigeria (CBN) to stop the use of foreign currencies as means of exchange in local and domestic transactions in Nigeria. The decision was arrived at the plenary following the adoption of a motion brought before the House by Hon. Nadu S. […]
Euro falls vs dollar as euro zone economy shrinks
Euro falls against dollar as euro zone economy shrinks in the fourth quarter Signs that the recession is deepening in the 17 countries that use the euro pushed the currency lower against the dollar Thursday. The euro fell to $1.3346 in late trading Thursday from $1.3450 late Wednesday. Eurostat, the […]
