September 29, 2016/AfDB The Board of Directors of the African Development Fund (ADF), the concessional arm of the African Development Bank Group (AfDB) on Wednesday, September 28, 2016 approved four agriculture and forestry sector risk participations amounting to US $62 million under its Private Sector Credit Enhancement Facility (PSF). These […]
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Naira Hits All-Time Low of 480/$ in Parallel Market, as Acute Scarcity Persist
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Thursday hit an all-time low of N480/$, having tumbled by 4.35 percent on its freefall in the parallel segment of the FX market as acute shortage of the greenback persists. Reports from Cordros daily currency tracker says that the naira also […]
Stocks Rebound on OPEC’s Agreement to Cut Production First Time in 8 Years
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks advanced by 0.04 percent to close at 28,247.56 points, after a rebound in the Oil and Gas sector, following reports of an agreement by OPEC members to cut production for the first time in eight years which drove upbeat sentiments on the domestic bourse. “Today’s […]
