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Market Movements in 2016 – Forex Reserves Drops by 12.87%

Culled—Proshare 24/12/2016/Proshare Research Movement in market indicators in the year 2016 has been with mixed outcome. On the Nigerian Stock Exchange, the NSE ASI dropped by -7.53% the NASD USI grows by 2.43% as at 23rd December, 2016. Nigeria’s forex reserves dropped by -12.87% to move from US$28.98bn in January […]

A Shifting U.S. Policy Mix: Global Rewards and Risks

December 20, 2016/iMFdirect By Maurice Obstfeld After a year marked by financial turbulence, political surprises, and unsteady growth in many parts of the world, the Fed’s decision this month to raise interest rates for just the second time in a decade is a healthy symptom that the recovery of the […]

Emefiele Chairs IILM Governing Board

December 19, 2016/CBN The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been elected as the chairman of the International Islamic Liquidity Management Corporation (IILM) on Thursday, December 15, 2016 in Jakarta, Indonesia. In a press release, the CBN’s Acting Director, Corporate Communications, Mr. Isaac Okorafor says that […]