February 26, 2016/Cowry Asset Research In the just concluded week, Nigeria’s external reserves increased week-on-week by 0.02 percent to USD27.80billion as at Wednesday, 24 February, 2016. This followed increase in international crude oil prices amid sustained decrease in crude oil production in the United States as well as on going […]
Tag: External Reserve
CBN’ll devalue naira in 18 months – Report
The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based Financial Derivatives Company Limited has indicated. The Managing Director, FDC, Mr. Bismarck Rewane, in the latest edition of its bi-monthly Business and Economic Update, noted that the nation’s external reserves […]
Foreign direct investment drops by 41% –CBN
Foreign direct investment inflows into the country dropped from $1.46bn in the second quarter to $0.86bn in the third quarter of last year, according to the External Sector Development third quarter report released by the Central Bank of Nigeria on Tuesday. The development represented a 41.4 per cent fall in […]
