Nigeria’s composite Consumer Price Index (CPI) which measures the rate of inflation dropped by 300 basis points to nine per cent year-on-year in January from 12 per cent in December 2012. The National Bureau of Statistics (NBS), which revealed this Monday also projected a real gross domestic product (GDP) growth […]
World News
Naira Stable as Nigeria’s Eurobond Climbs
Nigeria’s $500 million Eurobond yields rallied for the first time in five days after a forecast that the country’s economic growth will accelerate this year and as foreign-exchange reserves increased. THISDAY checks showed that the naira was also stable at the Wholesale Dutch Auction System (WDAS) Monday as it maintained […]
External reserves to witness less pressure
The National Bureau of Statistics on Monday said the country’s external reserves would experience less pressure this year due to a reduction for the demand for foreign exchange to settle high import bills. The bureau said in a report released in Abuja that the projected increase in the value of […]
