By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Gross Domestic Product (GDP) grew by 6.7 percent (6.7%) in the second quarter (Q2) of 2013. According to available data from the National Bureau of Statistics (NBS) this is 1.51% higher than 6.6% recorded in the in the preceding quarter. NBS said the development […]
Tag: Nigeria
Nigerian naira weakens to fresh 20-month low
Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. The […]
Wema Bank Says AMCON Takeover False
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wema Bank Plc Friday said the report that the Asset Management Company of Nigeria (AMCON) will takeover the bank is false. Apart from that, the bank in a Statement obtained by InvestAdvocate said the report was also fraught with irregularities and misrepresentation of facts relating […]
