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About 451 results for "nigeria outflow"

IMTSO policy: A check on foreign currency velocity in Nigeria?

The inflow and outflow of cash in the country, especially in foreign currency, have been a cause for worry. For the stakeholders- Nigerians, home and in Diaspora and banks, the reviewed version of the guidelines for the operations of the ... The Guardian Nigeria, 1 month ago
SweetCrude Reports

Nigerian Content plugs $380bn oil industry drain

*2 million jobs outflow in 4 years *Retains $5.4bn in local economy Yemie ADEOYE 20 November 2014, Sweetcrude, Yenagoa FOUR years after the Nigerian Content Act was passed by the National Assembly, the initiative has saved the country no ...
 SweetCrude Reports6 days ago
Zambia Post

Nigeria's $140bn illicit cash outflow

Illicit financial outflows have contin­ued to dog Nigeria's economy, as re­cent reports indicate that the country lost an astonishing $140 billion (about N224 trillion) to the problem between 2002 and 2011.This latest disclosure was made by the ...
 Daily Sun2 months ago Nigeria lost over $140b to illicit financial flows in nine years  The Nation Nigeria2 months ago Zambian copper in illicit financial flows  Zambia Post3 weeks ago
Nigeria Punch

Foreign investors withdraw N483bn from stock market

European Stock Market. | credits: Foreign portfolio investment outflow from the Nigerian Stock Exchange amounted to N482.91bn in the first eight months of the year, data obtained from the Exchange showed. According to the ...
 Nigeria Punch1 month ago Investors retreat  The Nation Nigeria4 weeks ago

EMERGING MARKETS-Oil slump reverberates after Nigeria currency devaluation

LONDON, Nov 26 (Reuters) - The impact of sub-$80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained ...
 CNBC19 hours ago Oil slump reverberates after Nigeria currency devaluation  Sharenet19 hours ago

Oil Risks Foiling Nigeria Governor's Rate Pledge on Naira

Nigerian central bank Governor Godwin Emefiele's pledge to refrain from raising interest rates risks being undone as the slide in oil prices batters the naira. With a 28 percent drop this year in the price of crude, which accounts for more than ...
 Bloomberg1 day ago Naira drops to record low, as CBN gov promises action  Daily Newswatch1 week ago Nigerian Naira Falls as Oil Drop Overwhelms Emefiele Pledge  La Repubblica1 week ago Nigerian Naira Falls to Record as Oil Overwhelms Emefiele Pledge  La Repubblica1 week ago

Nigeria devalues currency as weak oil hits fisc

ABUJA Nigeria's central bank devalued the naira by 8 per cent and raised interest rates sharply on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency against weaker oil prices. The bank moved the naira's ...
 Oman Tribune4 hours ago Nigeria's naira touches record low after cenbank devalues currency  Sharenet21 hours ago Nigeria's currency devalued by 8 percent amid oil price slump  The Africa Report21 hours ago CBN devalues naira, raises lending rates  Nigerian Voice1 day ago

How the Inevitable Economic Downturn Will Affect You (I) [opinion]

"We have not seen the impact of the falling oil prices in Nigeria; it will start this month [November 2014]. Dr Ngozi Okonjo-Iweala, Finance Minister, November 13, 2014. Never in the recorded history of the Nigerian economy had the illusions of ...
 Individual.com1 day ago WHO WILL SAVE THE NAIRA?  This Day Online1 week ago Falling crude oil prices and Nigeria's response  The Guardian Nigeria3 weeks ago CHC Group: More Than Just A Contrarian Play On Oil  Seeking Alpha1 month ago

No Relief for Naira as Oil Drop Breaks Bank's Defenses

The naira's plunge to a record low shows that a bear market in oil is overwhelming attempts by Nigeria's central bank to shore up the currency with higher interest rates and stiffer reserve requirements. The currency of Africa's largest economy ...
 BusinessWeek1 day ago No Relief for Nigeria Naira as Oil Drop Breaks Bank Defenses  La Repubblica20 hours ago Oil's bear market overwhelms central bank's efforts  IOL54 minutes ago
Business Daily Africa

Capital Flight: Foreign Investors Pull N101.2bn From Nigeria

— Nov 24, 2014 | Foreign investors have pulled N101.2 billion ($583.6 million) from the NSE in October as they sold stocks valued at that amount after a drop in oil price and the value of the naira. However, the total foreign inflow during the ...
 Leadership2 days ago Foreign Investors Sell Off Nigerian Stocks Worth $584M In October  AFK Insider6 days ago Foreign investors pulled $584 mln out of Nigeria's stock market in October  CNBC1 week ago Foreign investors net Sh950m from NSE in September  Business Daily Africa1 month ago
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