Nigeria’s naira fell the most in more than 1 1/2 years as the central bank held its last currency auction before tightened controls of the sales are implemented, boosting demand for dollars. The currency of Africa’s biggest crude producer retreated 1.1 percent to 161.55 naira per dollar by 5:11 p.m. […]
Tag: Naira
Post-U.S QE Market Review How soothing is the relief?
Before last week’s FOMC meeting Financial markets across the globe, particularly the emerging market counterparts were thrown off-balance between June and mid-September after the U.S Fed signalled in its FOMC meeting that it will scale back on the US$85 billion monthly bond purchases contingent upon positive economic data. Following the […]
Nigerian Naira Amongst World Most Stable Currencies-Citi Nigeria COO
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Naira is amongst the world’s most stable currency, according to Akin Dawodu, Chief Operating Officer (C0O) and Public Sector Head for Citi Nigeria Limited. Dawodu made this assertion Wednesday at the Citi financial journalists training held at its corporate head office in Lagos […]
