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Moody’s: Nigeria and Angola’s Dependence on Oil and Gas Creates Challenges

Culled—Proshare June 19, 2018/Moody’s Investors Service  Although Nigeria (B2 stable) and Angola’s (B3 stable) economies, external positions and public finances are expected to stabilise, their continued dependence on oil and gas means they will both face a range of challenges in the coming years, Moody’s Investors Service said in a […]

Cordros Opens Milestone Funds 2023, 2028 at N100 Per Unit

June 18, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Leading financial services company, Cordros Capital Limited, a member of the Nigerian Stock Exchange (NSE) on Monday opened the Cordros Milestone Fund (CMF) 2023 and 2028 at N100 per unit, the firm said in an emailed statement to InvestAdvocate Cordros says the CMF 2023 and […]

Forex: CBN Gives Retail SMIS $343.06m Boost

Culled—Proshare June 14, 2018/ CBN  The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018.   Figures obtained from the Bank indicate that the amount released […]