By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria on Thursday shut down the interbank market for the second consecutive day as the naira continued to crumble due to falling oil prices, postponement of Feb. 14 elections and an Islamist insurgency. A Reuters report said shortly after triggering a self-imposed ‘circuit-breaker’ agreed among […]

February 11, 2015/Proshare News & Investigations Here are key developments from the Nigerian financial markets at this time:   •         Naira oversold, CBN seeks to intervene   •         Naira hits N205 – $1, reaches upper limit of its circuit breaker   •         Traders in emergency meeting   •         Hope to […]

These are not interesting times for the naira, which entered a free-fall mode on Monday following the postponement of the national elections by six weeks by the Independent National Electoral Commission on Saturday. The currency on Tuesday tumbled to a new record low of 200 against the United States dollar […]