The nation’s external reserves, which have been falling in the last few weeks, may drop to $44bn any time from now, financial analysts say. Two weeks ago, the foreign reserves fell to the $45bn mark, after hovering between the $46bn and $48bn marks for several months, according to data posted […]
Author: InvestAdvocate
Nigeria aviation minister calls air crash ‘act of God’
(Fixes slug for media clients) * Air crash killed 16 people last week * Africa’s 2nd biggest economy has patchy safety record * Dana Air crash killed 163 last year, worst in two decades Nigeria’s aviation minister has caused outrage by calling air crashes inevitable acts of God, as she […]
Nigeria naira falls as dollar liquidity thins out
Nigeria’s naira eased against the U.S. dollar on the interbank market on Wednesday as importers started to lock-in their hard currency needs at favourable rates. The local currency closed at 160.35 to the dollar compared with Tuesday’s close of 159.8 naira. Traders said some importers took advantage of the increased […]