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: MPC
Nigerian interbank rate rises on NNPC cash withdrawal
Reuters – Sat, Jul 21, 2012 Nigeria’s interbank lending rates climbed to an average of 15 percent this week, compared with 14.33 percent last week, after large cash withdrawals by state-owned oil firm NNPC, flows to bonds and foreign exchange purchases drained liquidity. Market liquidity closed negative this week after NNPC recalled […]
