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 week ago
Capital Flight - Economy Hard Hit By U.S.$22.1 Billion Outflow in Five Weeks - Individual.com, 1 week ago
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"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, 2 weeks ago
OPPOSITION candidate for the upcoming Nigerianelection Muhammadu Buhari feels he on the rollas poll day draws closer, but says he's getting scared that people will expect an instant miracle if he wins. Speaking at a February 26 appearance at the ...Mail & Guardian Online, 3 days 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 week ago Illicit outflows crippling development Manica Post, 2 weeks ago Africa losing billions from fraud and tax avoidance Feb 04, 2015 Alexanders Gas & Oil Connections, 4 weeks ago Africa loses billions from tax avoidance Taipei Times Online, 4 weeks 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, 1 month ago Nigeria Central Bank Eases Rules for Trading Slumping Naira BusinessWeek, 1 month ago Nigeria Central Bank Loosens Rules for Trading Slumping Currency Bloomberg, 1 month ago Nigeria Central Bank Relaxes Currency Crashing Trading Rules AFK Insider, 1 month ago
While the naira has begun to respond to recent changes in the oil price, we see no respite in the short term and expect further naira depreciation to N220/$1 over the coming year. This has a significant impact on our input cost forecasts for the ...Individual.com, 2 weeks 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, 2 weeks ago CBN Bans Resale of Dollar to Shore Up Naira This Day Online, 2 weeks ago UPDATE 2-Nigeria bans dollar resales after FX auction to prop up naira - dealers CNBC, 2 weeks ago Nigeria bans dollar resales after FX auction to prop up naira - dealers The Africa Report, 2 weeks ago
* Dealers use unofficial 'circuit-breaker' for first time * Election postponement jangles market nerves * Naira quoted at another record low vs dollar * Speculation about bond index ejection intensifies (Releads with trading halted, background) ...Reuters via Yahoo!, 3 weeks ago UPDATE 3-Nigerian dealers halt trading as election worries hit currency Reuters UK, 3 weeks ago Dealers halt trading as naira value falls The Nation Nigeria, 3 weeks ago
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Obinna Chima reckons that the speculative attacks on the naira appear to be beyond the control of the Central Bank of Nigeria. The precipitous depreciation of the naira, Nigeria's currency against the US dollar since the last quarter of 2014, seems ...Individual.com, 4 weeks ago
(Bloomberg) -- China cut the amount of cash lenders must set aside as reserves in a bid to boost liquidity as capital outflows and a slowdown in the nation's factories suggest a downturn in the world's second-largest economy is deepening. The ...Yahoo! Finance, 4 weeks ago
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