The nation’s foreign exchange reserves climbed to $38.49bn, a 3.8 per cent increase on its value month ago, when they stood at $37.09bn, owing to a more stable naira, data from Central Bank of Nigeria showed on Tuesday. The naira has remained stable against the dollar for the past two […]
Author: InvestAdvocate
IOSCO Reviews Implementation of Benchmarks by Interest Rate Administrators
Press Release/IOSCO July 22, 2014 IOSCO’s Review of the Implementation of IOSCO’s Principles for Financial Benchmarks by Administrators of Libor, Euribor and Tibor was published today as part of the Financial Stability Board’s (FSB) report on Reforming Major Interest Rate Benchmarks. The IOSCO Report assesses the three major interest reference […]
Nigeria’s Central Bank Retains Rate at 12 Percent Under Emefiele New Governor
By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)-Godwin Emefiele, NEW Nigeria’s central bank governor has retained benchmark interest rate at 12 percent in his first monetary policy committee (MPC) meeting; while promising to lower borrowing costs gradually as price pressures ease. “As we begin to see that the macroeconomic levels are moving in […]