Showing posts with label Central Bank of Nigeria (CBN). Show all posts
Showing posts with label Central Bank of Nigeria (CBN). Show all posts

Monday, 8 December 2014

Nigeria's Overnight Lending Rate hits Record 70%

Nigeria's overnight lending rate more than doubled to a record high of 70 percent on Monday, amid a cash squeeze after the central bank last week soaked up Naira liquidity to support the ailing currency, Reuters reports.
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Sunday, 7 December 2014

Naira's Fall Beyond CBN's Control - Emefiele

Governor, Central Bank of Nigeria, Godwin Emefiele, on Saturday night has said the factors causing the continued fall in the value of the naira are beyond the control of the CBN and the Federal Government.
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