February 19, 2015/SEC The Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have pledged closer collaboration to further strengthen the capital market and the Nigerian financial system in general. This was part of the outcome of a meeting between the Deputy Governor, Financial System […]
Capital Market
Foreign reserves drop to $32.4bn
The nation’s foreign exchange reserves has dropped to $32.43bn, as the Central Bank of Nigeria continued its efforts to prop up the naira, according to data obtained from the bank’s website on Thursday. The current stock of external reserves indicate a drop of about six per cent from $34.47bn of […]
Naira Closes at 199/$1 at Interbank
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday closed at 199/$1 according to the Central Bank of Nigeria (CBN). The local currency appreciated by 24 basis points against the dollar to trade at N198.52/$. The CBN had on Wednesday announced the scrapping of its biweekly currency auctions and said […]
