Foreign exchange reserves have risen by 5.71 per cent month-on-month to $38.51bn on August 28, 2012, from $36.43bn recorded a month earlier. The latest figures released by the Central Bank of Nigeria on Wednesday showed that forex reserves rose to a two-year high of $38.51bn. The reserves have not been […]
Tag: Central Bank of Nigeria
N5,000 note won’t trigger inflation – ANAN
The Association of National Accountants of Nigeria has said that the planned introduction of N5,000 note by the Central Bank of Nigeria will not increase the level of inflation in the country. The President of the body, Hajia Maryam Ladi-Ibrahim said this in a statement on Tuesday. She said, “Looking […]
Nigerian naira firms on increased dollar flows
Nigeria’s naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by some local units of foreign banks selling to stay within their stipulated open position limits. The local currency closed at 157.90 to the dollar, the same level it was at last Wednesday […]
