The naira depreciated to the lowest in almost a week as the Central Bank of Nigeria offered fewer dollars at an auction, offsetting its decision to hold the key lending rate at a record high to support the currency. The currency of Africa’s biggest oil producer fell 0.2 percent to […]
Tag: Nigeria
Cut Rate to Halt Further Economic Decline-Analysts
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Analysts at Afrinvest West Africa has called on the Monetary Policy Committee (MPC) to cut in the Monetary Policy Rate (MPR) in order to prevent the economy from further decline as revealed in the Gross Dometsic Product (GDP) figures. According to the Research Note from […]
CSCS to Clear, Settle N11.4tn FGN Bonds in 2013
The Central Securities Clearing System (CSCS) Plc, which is the clearing house for the Nigerian capital market will settle and clear N11.4 trillion Federal Government of Nigeria (FGN) bonds at the over the counter (OTC) market this year. This projection shows 54 per cent increase over the N7.4 trillion FGN […]
