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Naira loses momentum as dollar shortage looms nationwide - Reports

Naira loses momentum as dollar shortage looms nationwide - Reports
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United Kingdom , South Africa , Bola Tinubu , Razia Khan , Abubakar Muhammed , Danelee Masia , Central Bank , Forward Marketing Bureau De Change Ltd , Investment Management Ltd , Saharan Africa At Deutsche Bank , Standard Chartered , Middle East , Nigerian President Bola Tinubu , Saharan Africa , Ayodele Salami , Emerging Markets Investment Management Ltd ,

Nigerian bonds surge after central bank chief's weekend ouster

Nigerian bonds surge after central bank chief's weekend ouster
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City Of , United Kingdom , Godwin Emefiele , Yemi Kale , Charlie Robertson , Ronak Gadhia , Ayodeji Dawodu , Folashodun Shonubi , Muhammadu Buhari , Bola Tinubu , Banctrust Co , World Bank , Investment Management Ltd , Jp Morgan , President Bola Tinubu , Emerging Markets Investment Management Ltd ,

Nigeria's series of economic policy missteps deter investors on high-yielding assets as oil price spikes


By Tope Alake
Nigeria’s series of economic policy missteps in recent weeks highlighted some of the uncertainties investors face in buying into its high-yielding assets and
Analysts Concern that Africa’s biggest economy is missing an opportunity created by rising oil prices to attract much-needed foreign currency.
First, the country allowed fuel subsidies that have been a drain on state coffers in the past to creep back by allowing pump prices to stay low as the price of crude rose. Then the central bank devalued the naira, without providing any guidance on its currency-policy goals.
And last week, the monetary authority u-turned on a decision to bar foreigners from investing in its short-term bills, leaving them wondering whether it’s worth the risk of putting money into an economy from which it’s notoriously difficult to extract it. ....

Al Qahirah , City Of , United Kingdom , Simon Quijano Evans , Erik Renander , Duet Group , Hermes Research , International Monetary Fund , Investment Management Ltd , World Bank , Gemcorp Capital , Societe Generale , Phoenix Kalen , Emerging Markets Investment Management Ltd , Simon Kitchen , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , சிமோன் க்விஜநொ எவன்ஸ் , டூயட் குழு , ஹெர்ம்ஸ் ஆராய்ச்சி , சர்வதேச பண நிதி , முதலீடு மேலாண்மை லிமிடெட் , உலகம் வங்கி , சமூகம் ஜெநர்யால் , பீனிக்ஸ் காலன் , வளர்ந்து வருகிறது சந்தைகள் முதலீடு மேலாண்மை லிமிடெட் ,