* Naira firms as central bank sells dollars in wake of Fed taper * Nigeria bond yields mixed as U.S. start tapering * Stocks up almost 1 pct on Thursday (closing bond yield, naira, index, quotes and background) Nigeria’s central bank intervened to support the naira currency on Thursday, lifting […]
Tag: Central Bank
Sanusi Lacks Understanding Of How Revenues From Crude Oil Are Remitted To Fed Account, Says NNPC GMD
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu Friday faulted the claim by the CBN Governor, Mr. Lamido Sanusi that the NNPC has failed to remit the sum of $49.8b from the sale of crude oil saying his claim is borne out of […]
CBN Retains Rates at 12%, show concerns on Election Spending
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the thirteenth; as it showed concerns over election spending following its Monetary Policy Committee (MPC) held November 18-19 2013 in Abuja Nigeria. At the end of the MPC […]
