Money Market

Nigerian Equities Market Closes Flat, Y-t-D Loss Unchanged at -5.06%

By InvestAdvocate Click here to view Cordros Daily Market Update for March 23, 2017 Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed flat, with the all-share index (ASI) unchanged at 25,514.03 points. “Consequently, the Month-to-Date and Year-to-Date returns were unchanged at 0.73 percent and -5.06 percent respectively, reports Cordros daily […]

Why International Financial Cooperation Remains Essential

March 23, 2017/IMF Blog By Tobias Adrian and Maurice Obstfeld Economic growth appears to be strengthening across the large economies, but that does not mean financial-sector regulation can now be relaxed. On the contrary, it remains more necessary than ever, as does international cooperation to ensure the safety and resilience […]

Dollar drops below N400/US$1 for first time in seven months

Culled—Proshare March 23, 2017 by Obinna Chima, Thisday •         Sarah Alade bows out, recalls when CBN had ‘four governors’ For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in […]