Fri Mar 4, 2016/Reuters By Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s central bank has tightened restrictions on the flow of dollars to domestic lenders, forcing them to delay hard currency loan and trade repayments to foreign banks and increasing the risk of default, bankers say. Reeling from the slump in […]
Tag: InvestAdvocate
Seawater pipeline attack heralds fresh trouble in Nigeria’s Delta
Fri Mar 4, 2016/Reuters By Ulf Laessing A sophisticated attack on a sub-sea pipeline in Nigeria’s Delta might herald a return to the kind of widespread militant violence that crippled the oil industry in Africa’s top producer less than a decade ago. Attacks on oil facilities have been on the […]
Cowry Weekly Financial Markets Review & Outlook
March 4, 2016/Cowry Assets Renewed Bargain Hunting Lifts NSE ASI by 6.57% W-o-W The Nigerian Stock Exchange recorded renewed bargain hunting activities which resulted in upswing in equities prices amid decline in investments transaction volumes and Naira votes fell by 65.66% and 25.35% to1.54 billion shares and N8.76 billion respectively. […]
