Nigeria may have received positive international recognition from famous financial ratings firms, yet analysts are worried that its citizens are not living the good life expected of an economically progressive nation. OKECHUKWU NNODIM reports The recent BB-credit ratings given Nigeria by two renowned international ratings agencies, Fitch Ratings and Standard […]
Tag: Naira
Naira Falls across Market Segments on Strong Dollar Demand
The value of the naira dipped against the United States dollar at the three segments of the forex market Monday due to strong demand for the greenback. In fact, an intervention by the Central Bank of Nigeria (CBN), which increased dollar supply at its regulated Wholesale Dutch Auction System (WDAS) […]
Nigerian inter-bank rates flat on mature T-bills
Nigerian interbank lending rates were flat at an average of 12 per cent last week as a slowdown in foreign exchange demand and the repayment of mature treasury bills boosted naira liquidity. The Central Bank of Nigeria sold a combined $95m to lenders at its two auctions this week, far […]
