FDC is projecting a headline inflation of 9.5% for December 2015, marginally higher than the 9.4% recorded in November. This will rank Nigeria as the country with the 12th highest inflation rate in Africa.
2016
By FDCAdmin Financial & Economic News
Foreign units of First Bank of Nigeria Plc, the country’s third-biggest lender by market value, are “adequately capitalized” and are not affected by a central bank rule that stopped lenders from funding offshore operations, Chief Executive Officer Bisi Onasanya said.