Nigeria’s naira firmed slightly against the U.S. dollar on Wednesday, a day after the central bank left interest rates on hold and said it would keep monetary conditions tight, dealers said. The central bank kept rates on hold for the sixth time in a row at 12 percent on Tuesday, […]
World News
Nigeria plans 101 bln naira T-bill auction
Nigeria plans to issue 101.21 billion naira ($641.18 million) in treasury bills ranging from 3-month to 6-month maturities at its regular bi-monthly debt auction on Thursday, the central bank said on Tuesday. The bank said it will issue 37.48 billion naira in 91-day paper and 63.73 billion naira in 182-day […]
Inflow of short-term investments worries CBN
The Central Bank of Nigeria on Tuesday expressed worries over large inflow of “hot money†or short-term investments into the economy, saying that the development, if not monitored, could negatively affect some of the positive impact of its monetary policy. Addressing journalists at the bank’s headquarters in Abuja shortly after […]
