Thu Jan 15, 2015/Reuters Nigeria’s foreign exchange reserves fell to $34.51 billion by Jan. 13, down 20.2 percent from $43.24 billion a year earlier, owing to drawdowns by the central bank to defend the local currency, the naira. Data from the central bank on Thursday showed the reserves of Africa’s […]
Capital Market
CBN Draws Attention on Features of New N100 Note
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Thursday drew attention of Nigerians to features to look for on the new N100 commemorative centenary banknote. The commemorative N100 banknote unveiled recently by President Goodluck Jonathan on November 14, 2014 went into circulation on Friday, December 19, 2014.
Nigerian Stocks Rebound as Blue Chips Gain, Index Still 28, 881.39 Points
By InvestAdvocate Lagos (INVESTADVOCATE)- Nigerian stocks on Thursday made a rebound on the gains of blue chip companies; recording an all-share index (ASI) gain of 0.25 percent to close at 28,811.39 points, while market capitalisation climbed up by N99.62 billion to close at N9.62trillion. With this rebound, current Year-to-Date (YTD) […]
