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Vanguard – CBN injects $210m as Naira appreciates to N360.19/$

By Adaeze Okechukwu The Naira started the week with a 51 kobo appreciation to N360.19 per dollar in the Investors’ and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market. Naira Acting Director, Corporate Communications Department (CCD), CBN, Mr. Isaac Okorafor confirmed the injection saying:…
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Reuters – African Markets – Factors to watch on Feb. 22

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally. The dollar held…
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Vanguard – World Bank projects $22bn diaspora remittance to Nigeria in 2017

By Elizabeth Adegbesan THE World Bank has projected that up to $22 billion will flow into Nigeria in 2017 through Diaspora remittances, noting that global remittance flow is set to recover this year after two consecutive years of decline. This was contained in the latest edition of the World Bank’s Migration and Development Brief, released,…
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