The nation’s external reserves, which have risen steadily since last year due to reasonably high oil prices and stability in the foreign exchange market, rose higher to $47bn on February 21, 2013. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves recorded $2.68bn appreciation […]
Tag: Central Bank of Nigeria
Single-digit inflation depends on monetary easing â€â€ÂAnalysts
Analysts and stakeholders have called for monetary easing by the Central Bank of Nigeria as the average inflation rate forecast for 2013 is in single digit, Ademola Alawiye writes Efforts by the Central Bank of Nigeria to attain a single-digit inflation rate finally came to pass last week as the […]
T-Bill yields drop to 17-month low
Nigerian Treasury Bill yields on Wednesday fell to the lowest in 17 months at an auction as bids were almost four times the amount on sale, boosted by offshore demand for the country’s debt. The Central Bank of Nigeria said in an email statement on Thursday, that it sold N135.65bn […]
