By InvestAdvocate Lagos (INVESTADVOCATE)-Local equities on Monday tumbled to open the week extending its losing streak to the seventh consecutive session (the market has actually recorded only two sessions of positive return this month), according to Cordros daily market update. At the close of the session on the Nigerian Stock […]
Updates
Ghana central bank reduces policy rate by 50 bps to 25.5 pct
November 21, 2016/Reuters Ghana’s central bank reduced its main policy rate by 50 basis points on Monday to 25.5 percent, citing a better outlook for inflation and the need to boost growth, Governor Abdul-Nashiru Issahaku told a news conference. “The outlook for inflation is broadly positive as reflected in the […]
Nigeria’s recession deepens in third quarter, oil production down
Culled—Reuters By Alexis Akwagyiram and Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s recession deepened in the third quarter, with a 2.24 percent contraction in gross domestic product, the National Bureau of Statistics said on Monday. Oil production fell to an average 1.63 million barrels per day, down from 1.69 million in […]
