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) […]
Tag: Nigeria
Nigerians should expect increase in inflation rate – Analysts
Financial analysts have said that Nigerians should expect an increase in inflation rate in coming months, pointing to global increase in food prices as a contributor. Analysts at Financial Derivatives Company Limited in a bulletin made available to our correspondent on Monday said, “Using trend analysis, we estimate the national […]
Long-Term Rating On Nigeria Raised To ‘BB-‘-S & P Report
On Nov. 7, 2012, Standard & Poor’s Ratings Services raised its long-term foreign and local currency sovereign credit ratings on the Republic of Nigeria to ‘BB-‘ from ‘B+’. At the same time we affirmed the ‘B’ foreign- and local-currency short-term ratings. We raised the long-term national scale rating to ‘ngAA-‘ […]
