Tag Archives: Bloomberg

THE nation’s currency, the naira, has taken a downturn, emerging as the world’s worst performing currency in the past month, a recent Bloomberg report says. The reversal came after naira’s recent gains, emerging as the world’s worst-performing currency after a wonderful performance last month. The report, which emerged on Friday, …

COMPANIES operating in Nigeria are paying overdue dollar obligations after the recent Central Bank of Nigeria (CBN) reforms led to increased liquidity in the West African nation’s foreign exchange market, Bloomberg reported on Wednesday. MTN Nigeria Communications Plc, BUA Foods PLC and Cadbury Schweppes Overseas Ltd.’s Nigeria unit, some of …