March 29, 2016/The Will The United States has revealed that it will press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in the country. This was revealed by U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, who told an […]
Tag: US Dollar
ETI Issues ‘Profit Warning’ for 2015 End
By InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group on Tuesday issued a ‘profit warning’ for its 2015 audited year end. ETI in an issuer’s announcement with the Nigerian Stock Exchange (NSE) said it expects to report materially lower profit for the year ended […]
Nigeria central bank acts to support naira, worried about govt spending
* Key interest rate held at 12 pct for 14th time * Cbank says committed to exchange rate stability * Sanusi concerned about falling oil savings, leakages * High spending ahead of elections next year a worry (Adds details, quote, background) Nigeria’s central bank lifted the cash reserve requirement […]
