The yen rose on Friday as investors covered short positions and shunned risk, helping the Japanese currency move away from recent lows against the dollar and euro. The dollar fell 0.4 percent to 104.32 yen, down more than a full yen from a five-year high of 105.45 yen set on […]
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Lagarde to Visit Kenya
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF), will visit Kenya from January 5–8, 2014, to meet with policymakers and other representatives of Kenyan society. This is contained in a Statement from the fund and made available to InvestAdvocate in Lagos Nigeria. […]
Naira value likely to drop this year – Rewane
The Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said that the naira will come under intense pressure this year. Rewane said in an interview with our correspondent that the new members of the Monetary Policy Committee would need to find a way to support the currency. “I […]
