Despite the pressure faced by the naira at other segments of the forex market in September, the traditional intervention of the Central Bank of Nigeria (CBN) at its regulated Wholesale Dutch Auction System (WDAS) during the month helped to stabilise the naira. However, from today, the WDAS will no longer […]
Tag: InvestAdvocate
More listings needed for capital market growth –Stakeholders
As Nigeria marked its 53rd Independence anniversary on Tuesday, stakeholders in the country’s capital market said the Securities and Exchange Commission and Nigerian Stock Exchange needed to intensify efforts to increase the depth of the market. Market operators, shareholders and experts, who spoke to our correspondent, all said the focus […]
Loss in naira value not significant – Sanusi
The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the 2.3 per cent loss recorded in naira’s value is not significant, compared to what other emerging markets lost this year. Sanusi, who spoke at the 75th anniversary of the Ikoyi Club in Lagos, said every […]
