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Global currency trading jumps by 20%

    By Agency Reporter   Currency graph and dealers trading on the currency markets has grown by 20 per cent in three years to $4tn a day, the British Broadcasting Corporation reported on Wednesday. A three-year report into currency dealing shows rapid growth in trading, with the majority of […]

AFDB to increase private sector lending in 2011

  By Agency Reporter     he African Development Bank expects to lend $2.2bn to the private sector in 2011, up from the $2bn forecast for this year, a senior bank official said on Wednesday. According to Reuters, the bank‘s President, Mr. Donald Kabernka, said earlier this year that he […]

Naira appreciates on increased dollar sales

  By Agency Reporter   The naira firmed to N151.30 to the United States dollar on Wednesday from 151.60 at Tuesday‘s close after the Central Bank of Nigeria met all demand at its foreign exchange auction, traders said. Reuters reported from Lagos on Wednesday that the central bank sold all […]