By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Group of Twenty (G-20) has projected Global Real Gross Domestic Products (GDP) of 3.5 percent (3.5%) in year 2013. This is coming on the heels of the meetings of the G-20 Finance Ministers and Central Bank Governors in February 2013 in Moscow and a […]
Tag: Central Bank
External reserves rose by $2.34bn in six weeks
The upbeat recorded in the nation’s external reserves have continued into the month of February as the reserves recorded $2.34bn in six weeks. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves rose to $46.68bn as at February 14, from $44.34bn recorded on January […]
Naira falls on strong demand
The naira fell the most in almost a week on demand for dollars to fund gasoline imports. The currency of Africa’s largest oil producer weakened 0.1 per cent, the most since January 23 on a closing basis, to N157.13 a dollar as of 3:42 p.m. in Lagos, the commercial capital, […]
