26/5/2016/UBA At the 51st Annual meeting of the board of governors of the African Development Bank (AfDB), African philanthropist Tony Elumelu, urged the private sector to tackle unemployment among African youths on the continent. Mr. Elumelu, the Chairman of United Bank for Africa (UBA) and pan-African investment company Heirs Holdings […]
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Local Equities Maintain Winning Streak, ASI Close 28,260.61 Points
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday maintained its winning streak as all-share index (ASI) closed at 28,260.61 points, while market capitalisation climbed up by N353.45 billion to N9.71 trillion. “Today’s positive performance extended the Month-to-Date gain to a sizeable 12.76 percent and significantly pared the Year-to-Date loss […]
Nigeria’s lawmakers summon central bank governor and finance minister over FX shift
Wed May 25, 2016/Reuters May 25 Nigeria’s parliament on Wednesday summoned the central bank governor and the finance minister to explain how a shift to a more flexible foreign exchange policy could help Africa’s biggest economy to contend with its worst crisis in decades. It comes a day after the […]
