Nigeria’s naira depreciated to the lowest in two weeks as investors demanded dollars after the central bank sold the least foreign currency at auctions in more than a month. The currency of Africa’s biggest oil producer retreated 0.2 percent to 158.40 per dollar by 2:51 p.m. in Lagos, Nigeria’s commercial […]
Author: InvestAdvocate
CBN’s monetary tightening policy lowers inflation to 8.6%
The monetary tightening policy of the Central Bank of Nigeria is beginning to yield results as the country’s inflation experiences a sharp decline. Figures released by the National Bureau of Statistics on Wednesday in Abuja showed that the country’s inflation dropped to 8.6 per cent in March from 9.5 per […]
IOSCO, CPSS monitor implementation of PFMIs
PRESS RELEASE Ref no: IOSCO/MR/14/2013 The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have started the process of monitoring implementation of the Principles for financial market infrastructures (the PFMIs). The PFMIs are international standards for payment, clearing and settlement systems, including […]