Chijioke Ohuocha – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 23 Jun 2016 19:44:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Chijioke Ohuocha – InfoStride News https://www.theinfostride.com 32 32 CBN Sells Dollars For Fourth Day To Boost Foreign Exchange Liquidity https://www.theinfostride.com/cbn-sells-dollars-for-fourth-day-to-boost-foreign-exchange-liquidity/ Thu, 23 Jun 2016 19:44:46 +0000 http://www.theinfostride.com/?p=133448 Central Bank Nigeria (CBN) is selling dollars on the inter-bank market for the fourth day to ease dollar shortages after it floated the currency, traders said. The naira traded at 283 to the dollar at 1249 GMT, on volumes of $76.8 million, which traders attributed to the central bank intervention. The inter-bank market opened at [...]

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]]> Moody’s Predicts Fall In Nigeria’s Oil Output By 2017 Unless More Investments Boosted https://www.theinfostride.com/moodys-predicts-fall-in-nigerias-oil-output-by-2017-unless-more-investments-boosted/ Sat, 21 Nov 2015 09:44:52 +0000 http://www.theinfostride.com/?p=108048 Nigeria’s oil output could drop by as much as 15 percent by 2017 unless the government attracts more investment and resolves cash shortages at state oil firms, a senior Moody’s analyst said on Wednesday. Africa’s biggest economy produces about 2.1 million barrels per day of oil with foreign and local companies through production sharing contracts [...]

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