The naira advanced for a second day after investor inflows into a Nigerian bond auction pushed yields to a record low. The currency of Africa’s biggest oil producer rose 0.2 percent to 157.5 a dollar at 11:14 a.m. in Lagos, the commercial capital. The naira has gained 3.1 percent this […]
World News
EU: Banking, Sovereign Debt crises lingers-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) Thursday said the European Union (EU) Banking and Sovereign debt crises is still lingering. A Statement from the IMF has said. This is coming on the heels of a Financial Sector Assessment Program (FSAP) conducted on the EU […]
IMF grants Burkina Faso US$28.4 million Extended Credit
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Executive Board of the International Monetary Fund (IMF) has granted Burkina Faso a US$28.4 million Extended Credit Facility (ECF). This is contained in a Press Release from the Fund and made available to www.investadvocateng.com in Lagos Nigeria. “The Executive Board of the International Monetary […]
