By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday rebounded driven by banking, consumer goods, oil & gas and industrial stocks which were highly sought after , gaining 0.25 percent to close at 27,880.46. “Today’s proceedings trimmed the Month-to-Date and Year-to-Date losses to 0.46 percent and 2.66 percent […]
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Wall Street hit as defensive stocks drop ahead of Fed
August 23, 2016/Reuters By Yashaswini Swamynathan Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is squarely focused on Federal Reserve Chair Janet Yellen’s speech at Jackson Hole, Wyoming […]
Nigeria naira quoted at 402 per dollar on black market
August 24, 2016/Reuters The Nigerian currency was quoted at 402 naira per dollar on the black market on Wednesday, traders said, weaker than 397 it traded at its previous session as dollar shortages gripped the official market. The naira, which hit fresh record low since the central bank floated the […]
