Contrary to speculation in some quarters, last Wednesday’s decision by the United States’ Federal Reserves to hike interest rates will have no significant impact on an emerging market such as Nigeria due to the country’s healthy foreign exchange reserves, New Telegraph’s investigations have...
The Central Bank of Nigeria (CBN) said it has sustained its intervention in the Forex Market by injecting the sum of $339.89 million into the Retail Secondary Market Intervention Sales (SMIS). Disclosing the development to journalists in Abuja, the bank’s acting director in charge of Corporate...
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