Nigeria’s interbank lending rates dropped further this week to an average of 13.50 percent from 14.08 percent last week as liquidity supported transactions, despite the central bank embarking on an aggressive mop-up.  Dealers said the market opened trading with a cash balance of about 290.64 billion naira ($1.82 billion), compared […]

The Nigerian naira fell against the U.S dollar on the interbank foreign exchange market on Friday on fear the planned strikes and protests against a hike in fuel price could disrupt business activities next week.  The naira closed at 162.10 to the dollar, 1.32 percent weaker that the 159.95 to […]

By Investadvocate Lagos (INVESTADVOCATE)-IHS Plc has recorded a Loss of N613.662 million for the period ended October 31 2011. This was contained in the Result Announcement of the Company dated December 30 2011 to the Nigerian Stock Exchange and obtained by www.investadvocateng.com in Lagos Nigeria. To record the N613.7 million […]