Smaller emerging markets’ companies are drawing interest from investors wary of wilder frontier economies but willing to delve deeper into familiar territory in pursuit of returns. Buying shares in firms with market capitalisations of less than $3bn offers a way to tap into economies in which demand from a rising […]
Tag: Reuters
Nigeria naira firms after cbank rate decision
Nigeria’s naira firmed slightly against the U.S. dollar on Wednesday, a day after the central bank left interest rates on hold and said it would keep monetary conditions tight, dealers said. The central bank kept rates on hold for the sixth time in a row at 12 percent on Tuesday, […]
Naira: Oil firms’ dollar sales boost liquidity
The naira traded flat against the United States dollar at the inter-bank market on Monday as oil firms’ greenback sales boosted liquidity in the market. The naira recovered to N162.87 against the dollar on Monday, after it touched N163.20 in early trade. The naira had closed at N162.82 to the […]
