* Fears over central bank, elections dampen risk appetite * Central bank governor Sanusi to stand down next June * Funds switch to short-term bonds and t-bills * U.S. Fed tapering likely to hit emerging markets After a bumper year for Nigerian stocks, investors are selling riskier assets and moving […]
Tag: Sanusi Lamido
External reserves drop to $44.3bn
The nation’s external reserves have dropped to $44.35, according to the latest figure from the Central Bank of Nigeria. The development makes the external reserves a few millions of dollars closer to a 12-month low of $44.2bn. A research has said that the amount the CBN is offering for sale […]
Banks promise higher lending in 2014
Deposit Money Banks have pledged to boost lending to the nation’s economic sectors in 2014 as part of plans to ensure macro-economic stability in the year. The banks took the position at the fifth Bankers Committee retreat held recently. A communiqué issued after the retreat, which was obtained on Monday, […]
