By Udeme Ekwere Friday, 7 Jan 2011 BANKING stocks continued to boost performance indices at the Nigerian Stock Exchange on Thursday. Though the gains recorded at the close of trading was not as huge as the previous day, investors remained excited due to the move by the Asset Management Corporation of […]
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‘Naira exchange rate against dollar to improve in 2011’
By Stanley Opara Friday, 7 Jan 2011 Following the addition of the Chinese yuan to tradeable currencies in the Nigerian financial system by the Central Bank of Nigeria, there are strong indications that the exchange rate of the naira to the dollar will improve in 2011. This inference is hinged on […]
CBN offers $250m at forex auction
By Ademola Alawiye Friday, 7 Jan 2011 The Central Bank of Nigeria on Wednesday intervened in the foreign exchange market, as it offered $250m for sale at the foreign exchange auction. According to the information on the CBN website, the apex bank offered $250m, while the total amount demanded was $389.25m. […]
