Nigeria naira slipped 0.27 percent on Monday amid a shortage of dollars on the interbank market, as higher demand coupled with declining global oil prices raised doubts about the central bank’s ability to support the local currency. The naira closed at 163.85 to the dollar, below the three-month low of […]
Capital Market
Bears Resurface on Nigerian Bourse, Index Down 0.16%
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bears on Monday returned to the Nigerian bourse as benchmark index went down 0.16 percent lower than 0.90 percent recorded on Friday last week; as its Year-to-Date (YTD) returns currently stands at a negative 0.83 percent. Volatile trading persisted in the equities market, as Nigerian Stock […]
Flour Mills Appoints John Coumantaros as Board Chairman
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills of Nigeria Plc (FMN) on Monday said it has appointed John George Coumantaros as new chairman of the company; following the retirement of George Stavros Coumantaros as the chairman of the board. The milling company in a notice to the Nigerian Stock Exchange […]
