The naira headed for its lowest level since April as Nigeria’s newly appointed central bank governor said policy makers may begin cutting record-high interest rates for the first time in almost three years. The currency depreciated 0.8 percent to 164.25 per dollar by 12:42 p.m. in Lagos, the commercial capital, […]
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Nigeria’s naira at 1-month low after central bank flags lower interest rate
The Nigerian naira eased to a one-month low of 163.85 on Thursday, shedding 0.69 percent against the U.S. dollar after new central bank governor Godwin Emefiele said he wanted to gradually lower interest rates. The unit closed at 162.72 naira to the dollar on Wednesday. The naira was last seen […]
Emefiele Unveils 10 Point Agenda, Advocates Lower Interest Rate
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Godwin Emefiele who assumed office two (2) days ago as the eleventh governor of the central bank of Nigeria (CBN) Thursday unveiled a 10 point agenda to run the apex bank as he has advocated for lower interest rate. Below is the 10 […]
