July 22, 2016/Cordros Research GLOBAL – Feeble and More Fragile Growth The available data indicates that the global macroeconomic conditions remain fragile thus far in 2016. Specifically, economic activities in the developed economies, excluding a few large members, have been largely subdued while several large emerging markets and developing economies […]
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Nigeria stocks slump to 13-year low in dollar terms on naira woes
July 22, 2016/Reuters Nigerian stocks fell to a 13-year low in dollar terms on Friday, hammered by the sharp drop in the value of the naira currency against the greenback. Stocks have fallen 37 percent so far this year in dollar terms, to levels last seen in 2003. They are […]
Nigeria’s central bank intervenes to stem naira slide – traders
July 22, 2016/Reuters Nigeria’s central bank sold dollars on the interbank currency market on Friday, seeking bids of $5 million each from primary market trader after the naira-dollar rate fell to a record low of 331 per dollar, traders said. The naira firmed to 300 per dollar after the central […]
