Food and fuel have become prohibitively expensive and many Nigerians can no longer afford the basics
She was convicted for ‘spraying’ bank notes into the air but even her detractors believe she is being punished for defying the country’s conservatism regarding gender and sexuality
Emerging markets will always be susceptible to currency risk, analysts say
Despite problems in Nigeria, the bank said it anticipates more growth from its Africa operations
Nigeria’s central bank has repeatedly warned against the risks of investing in cryptocurrencies and even ordered local banks to close accounts trading in them.
In a shock announcement last Wednesday, the Central Bank of Nigeria ordered MTN to repay $8.13-billion
Unpegging the currency from the dollar may also prompt a dramatic spike in inflation.
Nigeria toughens currency trading curbs to slow down the depreciation of the naira following the collapse of global oil prices.
Rates decisions from Africa’s two largest economies, developments in Ukraine and key US, European and Asian reports are likely to move markets.
The central bank of Nigeria has felt the effects of its decison to relax the weekly limit on trading in dollars.
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/ 4 December 2008
Nigeria’s central bank will intervene in the foreign-exchange market from Thursday to ensure the naira’s stability.