By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – Equities extended weekly decline to the fourth in a row as the all-share index (ASI) fell by less than it did last week 2.4 percent compared to 3.00 percent last week. Cordros weekly market report says this week’s performance was very disappointing, as […]
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Dollar charges to 14-year high, bond tantrum in full swing
November 18, 2016/Reuters By Dhara Ranasinghe | LONDON The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while U.S. bond yields were set for their biggest fortnightly rise in 13 years on bets U.S. inflation and interest rates are headed higher. […]
Laudable efforts in broadband penetration
Culled—Proshare November 18, 2016/FBNQuest Research The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 93.6 million in September, representing a y/y contraction of -3.6%. The figure implies density of 51% in a population estimated at 185 million, placing Nigeria well above the African […]
