Experts have said the successive increase in the lending rate in 2012 by the Central Bank of Nigeria will dampen credit creation in the economy. The experts, who spoke with our correspondent on Thursday, said that the move by the MPC had increased the cost of borrowing, which was having […]
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Dollar rallies on fear of more budget fights
The dollar climbed to a three-week high against a basket of currencies on Thursday as concerns about more budget wrangling in Washington drove investors to the more liquid U.S. currency. While lawmakers reached a deal to avert the “fiscal cliff” of huge tax hikes and spending cuts, the agreement set […]
Inflation rate’ll drop to single digit –Analysts
Despite an increase in the inflation rate to 12.3 per cent, financial analysts have said that the rate will decline to a single digit in 2013. FSDH, in a report made available to our correspondent on Wednesday, stated that though inflation rate remained in double digit for December 2012, it […]
