Diving oil revenues and capital outflows have depleted Nigeria's central bank reserves perilously close to below $30bn. Less than two years ago the Central Bank of Nigeria had gross reserves of almost $50bn, but its warchest has been deflated by ... Business Day Nigeria, 4 days ago
How will Nigeria respond to its perfect storm? - CNBC Africa, 5 days ago
CBN to issue N730bn T-Bills in Q2 - Daily Sun, 2 weeks ago
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Falling oil prices, currency volatility, heightened political tensions and foreign capital outflows have rocked Nigeria's economy. Still, Futureview has successfully managed to reduce its exposure to risk, and promote the country's prospects ...World Finance, 3 weeks ago Nigeria's economy on the brink Daily Sun, 2 weeks ago MARKET INDICATOR: Investors Brace up for Post-election Naira Devaluation This Day Online, 1 month ago Market Indicator - Investors Brace Up for Post-Election Naira Devaluation Individual.com, 1 month ago
By Omoh Gabriel, Business Editor The Nigerian economy is facing huge financial haemorrhage as politicians, corporate bodies and foreign investors are moving funds massively out of the country as well as from Naira to dollar. In a survey of ...Vanguard, 1 month ago Capital Flight - Economy Hard Hit By U.S.$22.1 Billion Outflow in Five Weeks Individual.com, 1 month ago
"The real challenge is how the international community can help expose or control the massive outflows of resources through capital flight." Rome, February 13, 2015 ( Zenit.org ) | 0 hits Here is the message sent by Bishop Matthew Hassan Kukah ...Zenit, 1 month ago
(Bloomberg) -- President Goodluck Jonathan left the floor of the Nigerian Stock Exchange after a visit two weeks ago to traders singing For He's a Jolly Good Fellow. Some investors would prefer that he keeps walking. Since rising to a five-year ...Bloomberg, 2 days ago
LAGOS, March 6 (Reuters) - Nigerian overnight lending rates rose to 11.25 percent on Friday compared with 8.25 percent last week after local currency liquidity tightened following purchases of Treasury bills and foreign exchange, traders said. ...Reuters Africa, 3 weeks ago
A PARTY atmosphere descended on the northeastern Nigerian city of Maiduguri as thousands lined the roads to welcome opposition presidential candidate Muhammadu Buhari with chants of "Only Buhari" in the Hausa language. Mr Buhari's campaign visit ...BDlive, 3 weeks ago Nigeria's candidate Buhari 'getting scared' by crowds following him, cheering and crying Mail & Guardian Online, 3 weeks ago Buhari Gains From Tough-Guy Image As Boko Haram Wounds Nigeria AFK Insider, 3 weeks ago
19 February 2015 The Continent: Africa is losing more than $50bn (£33bn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world's ...Observer India, 1 month ago Illicit outflows crippling development Manica Post, 1 month ago Africa losing billions from fraud and tax avoidance Feb 04, 2015 Alexanders Gas & Oil Connections, 1 month ago Africa loses billions from tax avoidance Taipei Times Online, 1 month ago
Paul Wallace London Nigeria's central bank loosened rules for buying and selling the weakening naira that were implemented last month and blamed for crushing foreign-currency trading in Africa's largest economy. The maximum net open ...IOL, 2 months ago Nigeria Central Bank Eases Rules for Trading Slumping Naira BusinessWeek, 2 months ago Nigeria Central Bank Loosens Rules for Trading Slumping Currency Bloomberg, 2 months ago Nigeria Central Bank Relaxes Currency Crashing Trading Rules AFK Insider, 2 months ago
The Central Bank of Nigeria (CBN) has banned banks from reselling dollars bought at a currency auction to other banks, Reuters quoted some dealers to have said, adding that the move was aimed at curbing speculation in the beleaguered naira. ...Daily Times Nigeria, 1 month ago CBN Bans Resale of Dollar to Shore Up Naira This Day Online, 1 month ago UPDATE 2-Nigeria bans dollar resales after FX auction to prop up naira - dealers CNBC, 1 month ago Nigeria bans dollar resales after FX auction to prop up naira - dealers The Africa Report, 1 month ago
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