Japan’s prime minister is likely to nominate an advocate of aggressive monetary policy easing – Asian Development Bank President Haruhiko Kuroda – as the next central bank governor to step up his fight to finally rid the country of deflation. Shinzo Abe won a big election victory in December promising […]
Author: InvestAdvocate
External reserves hit $47bn
The nation’s external reserves, which have risen steadily since last year due to reasonably high oil prices and stability in the foreign exchange market, rose higher to $47bn on February 21, 2013. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves recorded $2.68bn appreciation […]
Naira hits four-week high on dollar sales
The naira appreciated the most in four weeks as an oil producer was said to sell dollars to lenders, boosting supply, Bloomberg reported on Friday. The currency of Africa’s biggest oil producer climbed 0.2 per cent to N157.25 per dollar as of 12:57 p.m. in Lagos, the commercial capital. The […]
