August 29, 2016/Reuters Nigeria’s currency market registered $327 million worth of trades on Monday, about six times more than its usual volume, the market regulator told Reuters. That included a single $270 million transaction at 345 naira per dollar, by foreign investors buying local currency bonds, Bola Onadele, the managing […]
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IMF Launches Japan-Funded Project to Improve External Sector Statistics in Central, West African Countries
August 29, 2016/IMF The International Monetary Fund (IMF) launched on August 29, 2016 a three-year capacity development project to improve the external sector statistics in Central and West Africa. Introduced at the African Training Institute (ATI) in Mauritius, this project has been made possible by the generous support of the […]
NSE Opens Week in Red, Benchmark Index Down 0.30% on Selloffs
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday opened the week in red as the all-share index (ASI) declined 0.30 percent to close at 27,368.41 points. “Today’s bearish proceedings extended the Month-to-Date and Year-to-Date losses to 2.29 percent and 4.45 percent respectively,” Cordros daily market update […]
