Tag Archives: Currency

The currency in circulation at the end of December 2018 rose by 20.9 per cent to N2.329tn, compared with the growth of 1.4 per cent at the end of September 2018, the Central Bank of Nigeria disclosed this in its 2018 fourth quarter report. The development relative to the preceding quarter reflected mainly the 19.4 per cent and 7.5 per …

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PricewaterhouseCoopers, one of the big four consulting firms in the world, says a devaluation of the Nigerian naira will be a key risk to the sustainability of the country’s foreign debt. In its recent report, “Nigeria’s refinancing plan: Impact on debt sustainability is likely to be modest”, PwC said the new refinancing plan by the federal executive council is expected …

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