Mon Jan 11, 2016/Reuters By Wayne Cole Asian shares sank to their lowest in over four years on Monday as doubts mounted about Beijing’s ability to manage the world’s second-biggest economy. The absence of Tokyo for a holiday only made liquidity even harder to come by, heightening volatility. Currency markets […]
Tag: Rand
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 […]
South African Rand amongst Worst Performing Emerging Market Currencies in 2013-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The South African rand has been adjudged as one of the worst performing currencies in emerging market currencies in 2013, according to the International Monetary Fund (IMF). This is coming on the heels of the Fund’s conclusion of Article IV consultation of the […]
