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 […]

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 […]

June 24, 2016/Punch By ’Femi Asu The naira traded at 281.67 to the United States dollar on Thursday at the new interbank foreign exchange market, compared to 282.80 the previous day. The Central Bank of Nigeria sold dollars on the interbank market for the fourth day to ease dollar shortages […]