June 5, 2015/Bloomberg Ghana’s cedi weakened to a record to extend its fifth week of losses on speculation that flooding across the capital will further strain the government’s fiscal deficit. The currency of the world’s second-biggest cocoa producer dropped as much as 2.8 percent before paring the decline to 0.8 […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-From all indications, the Central Bank of Nigeria (CBN) has adjusted its exchange rate from N197 set in February to N196.95 to a dollar. This is coming on the heels of global falling oil prices and dwindling foreign reserves. At the close of today’s session, […]

The Asset Management Corporation of Nigeria, the bad debt manager created to acquire non-performing loans of banks in the aftermath of the 2009 banking sector crisis, still has shares worth over N100bn in Deposit Money Banks and other companies, its Chief Executive Officer, Mr. Mustafa Chike-Obi, has said. He listed […]