In February 2013, the Consumer Price Index (CPI), which measures inflation, rose by 9.5 per cent year-on-year (compared to 9.0 per cent in January). Relative to January, the rise in the headline index could be attributed to increases in farm produce prices due to limited supplies as the toll of […]
Author: InvestAdvocate
Nigerian bank loans to grow 30 pct this year-S&P
* Loan growth rate to accelerate from last year’s 12 pct * ROE to rise to 18 pct in 2013, from 15 pct last year * Capital ratios expected to fall to 15 pct, from 20 pct (Adds details, background, quotes) A surge in lending is likely to boost […]
Forex: CBN sold $1.15bn in February
The Central Bank of Nigeria sold a total of $1.15bn in February, as against $833m sold in January. A report by the Financial Derivatives Company Limited made available to our correspondent on Friday said inflows from foreign investors and foreign exchange sales by energy firms helped keep the naira stable. […]