By Udeme Ekwere Tuesday, 18 Jan 2011 Profit-taking activities by investors in the stock market on the first trading day of the week dragged down major performance indicators. The Nigerian Stock Exchange’s All-Share Index, which closed at 27,267.17 points last Friday, fell by 0.5 per cent or 137 basis points, to […]

By Agency Reporter Tuesday, 18 Jan 2011 Even after global stocks rallied by 10 per cent last year, valuations around the world fell the most in a decade, leaving companies in Norway, Italy and Mexico the cheapest of all. Bloomberg News reported on Monday, that the average price-earnings ratio of global […]

By Ademola Alawiye with agency report Tuesday, 18 Jan 2011 The Nigerian naira dropped slightly against the United States dollar on Monday at the inter-bank and official market. The local currency depreciated to N153.37 to a dollar at the market on Monday, from N153.30 on Friday, after the Central Bank of […]