Analysts See Stable Naira Moderating Inflation
by Enews.com.ng
Enews.com.ng— Analysts have said the recent stability seen in the foreign exchange market coupled with the appreciation of the naira will read more Analysts see stable naira moderating inflation
Vanguard News—Why Naira depreciated by 23% in 4 days — Currency dealers, analysts. A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira since February.
Vanguard News—Why Naira depreciated by 23% in 4 days — Currency dealers, analysts. A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira since February.
Washington Free Beacon—US Economy Sees Low Growth, High Inflation in Q1. U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.