World News

Naira Advances 2nd Day as Yields Drop to Record Low at Debt Sale

The naira advanced for a second day after investor inflows into a Nigerian bond auction pushed yields to a record low. The currency of Africa’s biggest oil producer rose 0.2 percent to 157.5 a dollar at 11:14 a.m. in Lagos, the commercial capital. The naira has gained 3.1 percent this […]

EU: Banking, Sovereign Debt crises lingers-IMF

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) Thursday said the European Union (EU) Banking and Sovereign debt crises is still lingering. A Statement from the IMF has said. This is coming on the heels of a Financial Sector Assessment Program (FSAP) conducted on the EU […]