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 […]
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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 […]
African economic growth dips to two-decade low: World Bank
By Joe Bavier Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, its lowest level in two decades, due to continuing woes in the continent’s largest economies South Africa and Nigeria, a World Bank report said on Thursday. Africa has been one of the world’s […]
