The Central Bank of Nigeria (CBN) has expressed its resolve to sustain the single-digit inflation in the country. Specifically, the central bank stated that its objective is to bring inflation down to six per cent before the end of 2015, even as it fixed an upper limit of nine per […]
Capital Market
Why Africa is the next frontier for fund investors
It only took a look at the financial statements of the world’s largest maker of spirits to convince Larry Seruma that Africa was the place to go. Seruma was then running a long-short hedge fund and had a position in Diageo Plc, the company behind the Johnnie Walker, Guinness and […]
NSE Records Third Bearish Week, All-Share Index Down by -1.00%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Friday recorded another bearish week, the third in a row as all-share-index (ASI) decline -1.00 percent (1.00%). Weekly stock market report from the Nigerian bourse says ASI closed at 37,790.12 basis points, while market capitalisation closed at and N12.139 trillion […]
