By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange Friday announced the revocation of Licenses of 10 Dealing Member Firms as at February 10 2012. This was contained in a Circular number BDR/CIR/1/AAA/02/12 to all Dealing Members Firms and posted on the official website of the NSE. Amongst the list of Firms […]

Nigeria’s naira firmed to 158.85 to the dollar on Friday, its strongest in two and half months, supported by dollar sales by energy companies.  The naira had closed at 159.20 to the dollar at the interbank on Thursday, its strongest since Nov. 16.  Traders said additional sales of about $54 […]

Nigeria’s interbank lending rates eased to an average of 14.91 percent this week from 13.50 percent last week as liquidity in the market ebbed on cash withdrawals by the state-owned energy company NNPC.  NNPC sells dollars to some lenders on a monthly basis and transfers a portion of the naira […]