Author: InvestAdvocate

Nigerian naira firms in Interbank Market, Stable at Auction

The Nigerian naira strengthened against the U.S dollar on the interbank market on Wednesday and held steady in the official market as inflows from some energy firms buoyed dollar liquidity. The naira closed at 157.20 to the dollar at the interbank, firmer than the 159.85 Tuesday closed, supported by dollar […]

Citigroup paying $285M to settle SEC fraud charges

WASHINGTON (AP) — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of a complex mortgage investment just as the housing market was starting to collapse. The Securities and Exchange Commission said Wednesday that the big Wall Street bank bet against the investment […]

Nigeria to sell N108bn in Treasury Bills

Nigeria plans to sell 108.11 billion naira ($667.14 million) in 91-, 182- and 364-day treasury bills next week at its regular debt auction, the central bank said on Wednesday. The regulator said next Wednesday it will issue 30 billion naira in the 91-day paper, 46.73 billion in the 182-day bill […]