By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Naira is amongst the world’s most stable currency, according to Akin Dawodu, Chief Operating Officer (C0O) and Public Sector Head for Citi Nigeria Limited. Dawodu made this assertion Wednesday at the Citi financial journalists training held at its corporate head office in Lagos […]
Tag: Central Bank
Nigeria central bank expects below-target inflation in 2014
Nigeria’s central bank expects inflation to remain below its single-digit target throughout 2014, as it has this year, Deputy Governor Kingsley Moghalu said on Thursday. He also said growth next year was projected at 7.6 percent, which compares with a rate this year of around 6.5 percent. He added that […]
50% CRR: CBN exempts AMCON, BoI, others
Barely one month after the Central Bank of Nigeria ordered the Deposit Money Banks to keep 50 per cent of public sector funds with it, the apex bank has granted exemption to some government institutions, including the Asset Management Corporation of Nigeria and Bank of Industry. Others affected by the […]
