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EU bans Iranian oil imports

The European Union has approved some of the toughest sanctions yet imposed by the West against Iran, including a ban on oil imports and a freeze on Iran’s central bank assets. US and European aircraft and warships have been sent to areas near the Straits of Hormuz after Tehran threatened […]

Nigeria’s Exchange demutualisation: Committee works on Final Report

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Asuerinme Ighodalo’s Committee set up four months ago by Nigeria’s Securities & Exchange Commission (SEC) to help advice the Commission on the demutualisation of the Nigerian Stock Exchange (NSE) is working on its final draft. Oscar Onyema, Chief Executive Officer (CEO) of the Nigeria’s […]

Nigerian naira eases on importer dollar demand

The Nigerian naira eased against the U.S. dollar on the interbank market and at the central bank’s bi-weekly auction on Monday as importer activity gradually resumed in the south of the country after strikes over the withdrawal of fuel subsidies.  Traders said the outbreak of violence in the northern city […]