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Naira slumps to 13-month low on speculation

  Monday, 27 Sep 2010   The naira depreciated to its lowest level in more than a year versus the dollar on speculation that companies stepped up dollar purchases to repatriate profits and buy imported goods.     It slumped as much as 0.7 per cent to N154.8 to the […]

CBN explains delayed intervention in micro-finance sector

27 SEPTEMBER 2010 by ONYINYE NWACHUKWU     The Central Bank of Nigeria (CBN) at the weekend said it delayed in taking actions on the widespread rot in the micro-finance sector to enable it do a thorough audit of the sector as well as also allow time to effectively conclude a […]

More Stimulus Not Needed: Housing Will Work Itself Out, Zillow’s Humphries Says

By Stacy Curtin in Recession, Politics The midterm election is around the corner and the battle is heating up over whether Democrats or Republicans can better handle the economy. (See: The GOP’s ‘Pledge to America’: Do the Economics Add Up?)   Housing – along with jobs – is at the […]