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Reports of Some Foreign Buying on the NSE such as Dangcem & GTB

Culled—-Proshare Thursday, June 30, 2016 8:41 AM / FBNQuest Research The NSEASI reached a low this year of -21.6% ytd as early as 19 January on the fall of the oil price below US$30/b and the consequent rationing of fx by the CBN. There followed a modest pick-up on better-than-expected […]

Sterling, stocks take another Brexit hit; oil, yen rise

Mon Jun 27, 2016/Reuters By Nigel Stephenson Sterling fell more than 2 percent, the euro took a hammering and stocks dropped again on Monday as Britain’s vote to leave the European Union drove investors to seek safety in the yen, gold and low-risk government debt. Oil prices held near Friday’s […]

Brexit: IMF Urges UK, Europe to Collaborate on Smooth Transition to New Economic Relationship

June 24, 2016/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “We take note of the decision by the people of the United Kingdom. We urge the authorities in the U.K. and Europe to work collaboratively to ensure a smooth transition to […]