The naira hit a record low of 325 to the dollar at the parallel market on Thursday as desperate importers scrambled for dollars to meet their obligations overseas. The local currency had closed at 318 against the greenback on Wednesday, after hitting 313.5 and 310 on Tuesday and Monday, respectively. […]
Tag: Bismarck Rewane
Investment One Set for Third Technical Session for Institutional Investors
By Yakubu LAAH Investadvocate Lagos (INVESTADVOCATE)-Investment One Financial Services Limited will on Thursday January 23, 2014 hold another technical session third in a roll on our markets for institutional investors. According to Norbert Olisakwe, Head, Communications of the company, the aim of the technical session is to provide a platform […]
Naira value likely to drop this year – Rewane
The Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said that the naira will come under intense pressure this year. Rewane said in an interview with our correspondent that the new members of the Monetary Policy Committee would need to find a way to support the currency. “I […]
