February 13, 2016/Punch Commercial banks in the country are raking in millions of dollars from a foreign exchange racketeering which has been fuelled by the acute shortage of hard currency in the economy, investigation by the Saturday PUNCH has revealed. The Central Bank of Nigeria has been rationing forex to […]
Tag: Banks
Banks Lead NSE to 5-Day Rally, Gains 5.05% to Close Week
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) posted a five-day rally as the all-share index (ASI) and market capitalisation gained 5.05 percent to close the week at 24,689.69 basis points and N8.491 trillion respectively. The rally was as a result of the performance in the Financial […]
Energy, banks lead Wall St. rebound after grueling week
Fri Feb 12, 2016/Reuters By Aastha Agnihotri Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, and ahead of the long weekend. Nine of the 10 […]
