Nigeria’s naira depreciated for a second day, heading for the biggest drop in a week, after the central bank reduced the amount of dollars sold at an auction today. The currency of Africa’s biggest oil producer weakened 0.3 percent, the most since Feb. 27 on a closing basis, to 158.05 […]
Tag: Nigeria
New SEC Board Unveils 11 Point Agenda
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The New Board of Nigeria’s Securities and Exchange Commission (SEC) Wednesday unveiled an 11 Point Agenda for the Nigerian Capital Market (NCM). Suleiman Ndanusa, Chairman of the board made this unveiling in Lagos Nigeria at a Maiden Meeting with Publishers and Chief Executive Officers of […]
Sanusi: Nigeria Never Had $67bn Foreign Reserves
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has stressed the need for a thorough governance review of transparency and accountability in the oil sector. Sanusi said this while presenting a speech at a forum organised by members of the Metropolitan Club in Lagos Tuesday. […]
