By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian bourse on Wednesday halted a seven (7) losing streak as all share index (ASI) climbed up 0.53 percent to close at 27,743.92 basis points, while market capitalisation increased by N50.57 billion to N9.53 trillion. “Today’s increase reduced the Month-to-Date and Year-to Date losses […]

By InvestAdvocate Lagos (INVESTADVOCATE)-The naira was quoted at 242 to the dollar on the parallel (black) market on Wednesday, down 0.8 percent from 240 the previous day after the Central Bank of Nigeria (CBN) cut interest rates, Reuters report quoted a trader. The report said the local currency which is […]

Wed Nov 25, 2015/Reuters The yield on Nigeria’s benchmark 20-year bond fell 230 basis points in early trading on Wednesday after the central bank cut interest rates, traders said. The 2034 bond had fallen the most following the central bank action on Tuesday, traders said.