By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Inflation Rate is expected to drop to a single digit figure of 9.24 percent (9.24%) in year 2013. This is contained in a Presentation Friday titled “Monetary Policy and Economic Growth 2012 Outcomes and Prospects in 2013†by Bismarck Rewane Managing Director (MD), Financial […]
Tag: Interest Rate
N5,000 note will reduce interest rates – Bankers Committee
The Bankers Committee has said that the currency restructuting exercise especially the planned introduction of the N5,000 note will help banks reduce interest rate. This was the position of the committee at the end of its 309th meeting on Tuesday in Abuja. Addressing journalists at the end of the meeting […]
Nigerian Naira Strengthens the Most in Two Weeks on Dollar Sales
By Emele Onu, Bloomberg Nigeria’s naira strengthened the most in two weeks after the central bank and oil companies sold dollars. The currency of Africa’s top oil producer appreciated 0.5 percent to 162.1050 per dollar in the interbank market as of 3:29 p.m. in Lagos, the biggest gain on a […]
