Nigeria's banking system has a stable outlook for 2017, reflecting its banks' stable deposit funding bases, high local currency liquidity, resilient capital buffers and likely support from the authorities in case of need, Moody's Investors Service said in a report.
Annual inflation in Nigeria rose in December to 18.55 percent, the National Bureau of Statistics said on Friday, its highest in more than 11 years and the eleventh straight monthly rise.
The Nigerian National Petroleum Corporation (NNPC) has awarded its crude oil contracts to 39 companies for 2017.
Nigeria saw its crude oil production increasing to 1.782 million bpd in November surpassing that of Angola, thereby regaining its production as Africa’s top oil producer.
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