Tue Mar 10, 2015/Reuters The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion. The skittish mood spread to Asian stocks as MSCI’s broadest […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Monday opened the week appreciating 0.38 percent due to the Central Bank of Nigeria’s (CBN’s) intervention as well as dollar inflows from major international oil companies. At the close of trading, a dollar exchanged for N198.25, similarly, the local currency gained relative to […]

The Central Bank of Nigeria has said the country’s Deposit Money Banks are safe and have no liquidity problems. It based its assessment on the outcome a recent stress test conducted on the banks. The CBN stated this in a statement on Sunday signed by the Director, Corporate Communications Department, […]