The naira depreciated for a second day and headed for lowest in a week as the central bank offered fewer dollars than buyers expected at an auction yesterday and as investors’ demand for Nigerian debt waned. The currency of Africa’s biggest oil producer fell as much as 0.2 percent to […]
Tag: Central Bank of Nigeria
Sanusi to quit CBN in 2014
Sanusi Lamido Sanusi, the Central Bank of Nigeria (CBN) governor, says he will not renew his contract when his five- year term expires in 2014. The 51-year-old has led the CBN since 3rd June 2009. Speaking in a CNBC Africa’s interview, Sanusi said it was never his intention […]
Nigerian Naira Weakens as Central Bank Reduces Dollar Supplies
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 […]
