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CBN sells $300 million foreign exchange at Dutch auction

    MONDAY, 20 SEPTEMBER 2010    The Central Bank of Nigeria (CBN) offered $300 million (about N45 billion) worth of foreign exchange for sale at the Wholesale Dutch Auction System (WDAS). In a statement recently, the apex bank said that the foreign exchange was completely subscribed to at the 49th […]

Inflation rises to 13.7% year-on-year in August

    MONDAY, 20 SEPTEMBER 2010 01:00         Consumer inflation rose to 13.7 percent year-on-year in August from 13.0 percent the previous month, the National Bureau of Statistics said weekend. Growth in food prices, which form the bulk of the inflation index basket, also rose to 15.1 percent […]

Afrinvest Urges Devt of Non-govt Debt Mkt

  09.20.2010    The Head, Wealth Management, ited, Malcolm Gilroy, has attributed the weak nature of the non-government debt market to poor corporate governance and called for a repositioning of the market. Gilroy, who stated this in a report titled, “Risk Management and Money Laundering,” declared that the bond market […]