The National Bureau of Statistics (NBS) is expected to release the GDP numbers tomorrow and the headline inflation data for August 2013 on September 17, one week ahead of the MPC meeting this month. FDC is forecasting that headline inflation will remain unchanged at 8.64%. This will mean that the […]
Tag: Dollar
Nigerian naira falls on tight dollar supply
The Nigerian naira weakened further on Wednesday on the back of strong demand for the dollar even as the central bank pledged that it had no plans to devalue the local currency. The naira fell to 163.6 to the dollar on the interbank compared with 162.95 a dollar the previous […]
FOREX-Dollar eases vs yen, hovers below recent 3-week high
* Dollar/yen hovers below Friday’s near 3-week high * Euro holds steady, dollar index little changed * Data on U.S. durable goods due later on Monday The dollar eased versus the yen on Monday, having backed away from Friday’s near three-week high after data showed a steep drop in U.S. […]
