FDC Limited

Entity type image
Type: Company
Name: FDC Limited
First reported Jun 10 2013 - Updated Jun 10 2013 - 1 reports
Nigerian National Petroleum Corporation
Nigerian National Petroleum Corporation

Analysts See More Pressure On the Naira

Having eased to N159.30 to the dollar at the interbank market last week, analysts say they expect pressure on the naira to continue to build up on the back of declining oil prices.There was increased pressure on the naira last week as the currency fell ... [Published AllAfrica.com - Jun 10 2013]
First reported May 29 2013 - Updated May 29 2013 - 1 reports

‘Oil decline spells bleak future for Nigeria’

5trn stolen…2.6trn borrowed…yet nothing to show.Taofik Salako.A combination of continuous decline in global crude oil prices and domestic crude oil production could bring Nigerians back into austerity as the resultant gloomy macroeconomic condition reverberates ... [Published Nigeria Intel - May 29 2013]

Quotes

According to emerging markets strategist at Standard Group, Samir Gadio, the naira had weakened "amid less significant than expected NNPC flows, weaker confidence, limited capital inflows, and it is likely that the CBN will intervene in the market in the near term and sell dollars directly to the banks to defend its nominal monetary policy anchor."
Analysts See More Pressure On the Naira [Published AllAfrica.com - Jun 10 2013]

More Content

All (5) | News (4) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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Analysts See More Pressure On the Naira [Published AllAfrica.com - Jun 10 2013]
‘Oil decline spells bleak future for Nigeria’ [Published Nigeria Intel - May 29 2013]
FDC Board recommends Final Dividend of Rs. 2.25... [Published Equity Bulls - May 26 2013]
Maharashtra FDA seizes 33 not-of standard drugs... [Published PharmaBiz - Mar 02 2013]
Fact Sheet for FDC Limited [Published Able2Act - May 06 2008]
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