The naira depreciated to the lowest in almost a week as the Central Bank of Nigeria offered fewer dollars at an auction, offsetting its decision to hold the key lending rate at a record high to support the currency. The currency of Africa’s biggest oil producer fell 0.2 percent to […]
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Cut Rate to Halt Further Economic Decline-Analysts
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Analysts at Afrinvest West Africa has called on the Monetary Policy Committee (MPC) to cut in the Monetary Policy Rate (MPR) in order to prevent the economy from further decline as revealed in the Gross Dometsic Product (GDP) figures. According to the Research Note from […]
Nigeria’s Central Bank Retains Rate at 12%
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Again Nigeria’s Central Bank Tuesday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday March 18-19 2013. The CBN retained MPR at 12% with interest […]
