The refusal of the National Assembly to approve the budget of the Securities and Exchange Commission has generated heat in the last few months. UDEME EKWERE examines the impasse, which is affecting capital market operations. The ongoing face-off between the National Assembly and the management of the Securities and Exchange […]
Tag: Nigeria
Naira Rises to 4-Week High on Central Bank, Oil-Industry Dollars
Nigeria’s naira rose to the highest in almost four weeks as the central bank sold the U.S. currency at an auction and oil companies were also said to sell dollars. The currency of Africa’s biggest oil producer rose 0.3 percent to 158.10 per dollar by 4:10 p.m. in Lagos, the […]
Nigeria’s External Reserve Increase by 35% in 2012 end-IMF
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s International Reserve has increased by 35 percent (35%) in year 2012 end. This is part of the International Monetary Fund’s (IMF’s) Executive Board Assessment on Nigeria after it concluded its 2012 Article IV consultation. According to the IMF, Nigeria’s external position has strengthened and […]
