By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, the managing director of the International Monetary Fund (IMF) on Monday visited Nigeria to discuss the issues of the nation’s economic challenges. The Fund says Lagarde during her visit will engage policy makers and other stakeholders in both Nigeria and the sub-region to […]
Tag: Nigeria
AFRICA INVESTMENT-What is the Nigerian naira really worth?
* Reliance on dollar-based oil makes naira hard to gauge * Dwindling reserves reduce room to defend naira * Devaluation possible, not a one-way bet -analysts “What is a cynic?” asks Cecil Graham in the Oscar Wilde play “Lady Windermere’s Fan”. “A man who knows the price of everything and […]
Nigeria naira eases: c.bank intervention no help
Nigeria’s central bank intervened with dollar sales to lift the naira on Wednesday but strong demand for the U.S. dollar outweighed the move. Dealers said uncertainty about monetary policy following the suspension of central bank governor Lamido Sanusi last week and reduction in foreign portfolio flows continued to weigh on […]
