World News

Nigeria Retains Rate at 13% on Worries of Weak Economic Growth Outlook

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained that Monetary Policy Rate (MPR) at 13 percent on worries of weak economic growth outlook following declining oil prices, weak naira and political uncertainties. Similarly, the MPC retained the […]

Nigeria’s forex exchange fall 6.7 pct to $30 bln by March 20

Mon Mar 23, 2015/Reuters Nigeria’s foreign exchange reserves fell to $30.01 billion by March 20, down 6.7 percent from $32.17 billion a month earlier, data from the central bank showed on Monday. The reserves of Africa’s top crude oil exporter were down 21.3 percent from a year earlier, when they […]

NSE CEO on Forbes List of 10 Most Powerful Men in Africa 2015

Monday, March 23, 2015/NSE   The Chief Executive Officer of The Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema, OON, has been listed as one of the most powerful men in Africa for 2015. In an article posted to Forbes, Onyema’s contribution to economic development as well as his efforts with regard to […]