Culled—Proshare April 6, 2017/CBN The Central Bank of Nigeria (CBN) in its bid to sustain supply of liquidity to the foreign exchange market, has decided to make a special intervention in the Bureau de Change (BDC) segment of the market on Thursday, April 6, 2017. Disclosing this in Abuja, the […]
Money Market
IMF says Nigeria’s naira over-valued by around 10 to 20 percent
April 5, 2017/Reuters Nigeria’s naira is over-valued by around 10 to 20 percent, the International Monetary Fund’s (IMF’s) country head said on Wednesday, when the organisation released a critical report on government efforts to boost growth in Africa’s largest economy. “We do find there to be some over-valuation at this […]
IMF says Nigeria economy needs urgent reform, no FX curbs
5/4/2017/Reuters The International Monetary Fund (IMF) warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market. The document, a report from IMF staff which Reuters saw an earlier […]
