The naira climbed the most in more than a week against the dollar on speculation that the central bank will continue to support the currency by dipping into its rising foreign reserves. The currency of Africa’s biggest oil producer advanced as much as 0.2 percent, before trading 0.1 percent stronger […]
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Nigeria’s External Reserve Increase by 35% in 2012 end-IMF
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s International Reserve has increased by 35 percent (35%) in year 2012 end. This is part of the International Monetary Fund’s (IMF’s) Executive Board Assessment on Nigeria after it concluded its 2012 Article IV consultation. According to the IMF, Nigeria’s external position has strengthened and […]
World Total FOREX Holdings Hits 10.9 Trillion from 1995 to 2012
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World Total Foreign Exchange Holdings has hit N10.9 trillion from 1995 to 2012 according to data obtained from the International Monetary Fund (IMF) Statistics Department Currency Composition of Official Foreign Exchange Reserves (COFER) and International Financial Statistics (IFS). According to the IMF, the statistics last updated […]
