The report of the National Bureau of Statistics (NBS) yesterday that the economy recorded 2.4 per cent growth in the fourth quarter of 2018 drew criticism from economic experts.
The post Why NBS economic growth report is wrong, by experts appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
Defending the Nigerian Naira against the mighty Dollar has come at a steep price to the central bank of Nigeria in the form of falling reserves. Nigeria’s foreign exchange reserves
The post Higher US interest rates burn through Nigeria’s reserves appeared first on TheCable.
The monetary policy committee of the Central Bank of Nigeria has kept interest rate at 14% for two years. Analysts and businesses alike have expected that the committee to cut
The post INTERVIEW: Why CBN can’t cut interest rates now, by Lukman Otunuga appeared first on TheCable.
The Nigerian Naira maintained stability against the Dollar on Thursday despite growing expectations over higher US interest rates this year. It is becoming clear that that the Central Bank of
The post Naira stable as rand, peso tumble appeared first on TheCable.
The naira may be affected by the ongoing financial turmoil in Turkey, which has seen the Turkish lira lose 40% of its value. The lira had been in turmoil over
The post ALERT: Turkish lira crisis may put the naira at risk appeared first on TheCable.
Investors have entered the second trading quarter of 2018 on a mission to avoid riskier assets amid the escalating trade tensions between the US and China. After global equities experienced
The post Global stocks crumble on risk aversion, Pound higher appeared first on TheCable.
Market optimism over the recovery of Africa’s largest economy has increased steadily throughout the first trading quarter of 2018. The combination of appreciating oil prices, foreign exchange stability and easing
The post ‘Nigeria’s economic recovery poised to build momentum in Q2’ appeared first on TheCable.