As the National Bureau of Statistics prepares to announce the inflation rate for December, analysts expect it to drop to 11. 94 per cent, from the 12.3 per cent rate recorded in November. Analysts at Financial Derivatives Company Limited on Wednesday in a report made available to our correspondent said […]
Tag: Nigeria
Reps want independent body to supervise banks
Indications have emerged that the House of Representatives may strip the Central Bank of Nigeria of its supervisory role. The Chairman, House of Representatives Committee on Banking and Currency, Mr. Jones Onyereri, said the move to strip the CBN of its supervisory role would be an integral focus of the […]
Naira Weakens on Dollar Sales Suspension, Extends Week’s Drop
Nigeria’s naira declined, extending this week’s retreat, as the Central Bank of Nigeria’s suspension of foreign-exchange auctions curbed demand for the currency. The currency of Africa’s biggest oil producer slipped 0.3 percent to 156.7 per dollar on the interbank market as of 2:30 p.m. in Lagos, the commercial capital. The […]
