Nigeria Central Bank Said to See Naira Rout If Curbs Removed – Bloomberg

Nigeria's Central Bank Governor Godwin Emefiele. Photographer: Stringer/AFP via Getty Images
(NIGERIA MOMENT). Bloomberg - Nigeria’s central bank outlined concerns at a meeting with bankers last week that removing naira trading curbs may cause the currency of Africa’s biggest oil producer to tumble, a person who was at the meeting said. Governor Godwin Emefiele and other officials at the Central Bank of Nigeria said while they were in favor of boosting liquidity...

Nigeria Has The Highest Mobile Traffic Rate As A Percentage Of All Internet Traffic Than Other Nations

(NIGERIA MOMENT) New York - CNN Money published a report of a study conducted by Mary Meeker. CNN Money states as follows: The Internet is continuing to grow, mostly through the use mobile devices. New data released gives a glimmer of how this growth will change the global economy and workforce. Meeker, in past years, has focused her presentation on the business...

PROHIBITED: The Use of Foreign Currency As A Medium of Exchange in Nigeria

(NIGERIA MOMENT). CBN PRESS RELEASE The attention of the Bank has been drawn to the increasing use of foreign currencies in the domestic economy as a medium of payment for goods and services by individuals and corporates. It has also been observed that some institutions price their goods and services in foreign currencies and demand payments in foreign currencies rather than the...