The Monetary Policy Committee met on September 23 and 24, 2013, with all of the 12 members in attendance. The Committee reviewed the economic conditions and challenges that confronted the domestic economy up to September, particularly since the last MPC meeting in July 2013. It re-assessed the short-to-medium term risks […]
Tag: External Resrve
Nigeria’s Central Bank Retains Rate at 12%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank Tuesday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 91 of the Monetary Policy Committee (MPC) Meeting of Monday and Tuesday September 23 and 24, 2013. At the MPC meeting, it took […]
Naira Stable as Nigeria’s Eurobond Climbs
Nigeria’s $500 million Eurobond yields rallied for the first time in five days after a forecast that the country’s economic growth will accelerate this year and as foreign-exchange reserves increased. THISDAY checks showed that the naira was also stable at the Wholesale Dutch Auction System (WDAS) Monday as it maintained […]
