Oyetunji Abioye The naira dropped against the United States dollar from 498 to 500 at the parallel market during the early trading hours on Monday, crossing the critical threshold currency analysts had predicted. Foreign exchange traders linked the development to relative scarcity of the greenback in the forex market. The […]
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Nigeria asks Goldman, Stanbic to help sell debut “diaspora bond”
January 30, 2017/Reuters Nigeria has asked Goldman Sachs and the local unit of South Africa’s Standard Bank to advise it on the sale of a debut “diaspora bond” targeted at Nigerians living abroad, Stanbic IBTC Bank said on Monday. Such bonds are a form of government debt that targets members […]
U.S. stocks slump as Trump’s travel ban triggers uncertainty
January 30, 2017/Reuters By Yashaswini Swamynathan Wall Street’s main indexes were set for their worst day in more than three months on Monday, as President Donald Trump’s orders to curb travel and immigration from some countries sparked uncertainty. Trump on Friday signed executive orders to suspend travel to the United […]
