Washington, D.C. Tuesday, February 26, 2014 IMF STAFF Jonathan Ostry, Deputy Director of the Research Department Andrew Berg, Assistant Director, Research Department Ismaila Dieng, Senior Communications Officer MR. DIENG: Thank you. Good morning everyone and welcome to this conference call on the release of the Staff Discussion Note: Redistribution, Inequality, […]
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CBN’ll devalue naira in 18 months – Report
The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based Financial Derivatives Company Limited has indicated. The Managing Director, FDC, Mr. Bismarck Rewane, in the latest edition of its bi-monthly Business and Economic Update, noted that the nation’s external reserves […]
Naira may weaken to N170 – Merrill Lynch
A report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for the current levels of over N160 to N170. The report noted that although the Central Bank of Nigeria had the political will to defend the naira, the dwindling amount in the […]
