NewsWhore
03-30-2009, 09:10 AM
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Nigerian Banking System Under ‘Stress’ After Rumors (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaymOCdE0dkf4%26refer%3Dafrica&cid=1321753479&ei=_8XQSeLNDY2ohAOHoLmSDQ&usg=AFQjCNGtb20gy19c8A75q854UZc4DBCm1Q)
Bloomberg
The country’s currency, the naira, has lost more than 25 percent of its value since November. Nigeria’s foreign reserves have fallen by 26 percent since the fourth quarter of last year, Babalola told the meeting today, without providing details. ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaymOCdE0dkf4%26refer%3Dafrica&cid=1321753479&ei=_8XQSeLNDY2ohAOHoLmSDQ&usg=AFQjCNGtb20gy19c8A75q854UZc4DBCm1Q)
Nigerian Banking System Under ‘Stress’ After Rumors (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaymOCdE0dkf4%26refer%3Dafrica&cid=1321753479&ei=_8XQSeLNDY2ohAOHoLmSDQ&usg=AFQjCNGtb20gy19c8A75q854UZc4DBCm1Q)
Bloomberg
The country’s currency, the naira, has lost more than 25 percent of its value since November. Nigeria’s foreign reserves have fallen by 26 percent since the fourth quarter of last year, Babalola told the meeting today, without providing details. ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaymOCdE0dkf4%26refer%3Dafrica&cid=1321753479&ei=_8XQSeLNDY2ohAOHoLmSDQ&usg=AFQjCNGtb20gy19c8A75q854UZc4DBCm1Q)