Nigeria’s central bank will probably lower its targeted trading range for the naira as dwindling foreign-exchange reserves and falling oil prices undermine its ability to halt the currency’s slide, FBN Capital Ltd. said. Policy makers may adjust the exchange rate to within a 3 percentage-point band of 160 per dollar […]
Tag: Central Bank
CBN Polices Impacting Negatively On Property Market
Lagos (INVESTADVOCATE)-In this interview with PETER OBIORA, Online editor at InvestAdvocate, Barrister Kingsley Snomi, Property Consultant in Lagos Nigeria discussed the post financial/capital market meltdown and its impact on the real estate sector of the Nigerian economy and other matters arising. Excerpts: Post financial/capital market meltdown, impact on the real estate […]
External reserves drop to $47bn
The nation’s external reserves have dropped to $47bn, after being stagnant at $48bn for over three months. Data obtained from the Central Bank of Nigeria’s website on Wednesday showed that the reserves dropped to $47.6bn on Tuesday. The reserves, which hit the $48bn mark on March 11, 2013, had since […]
