IMF sees turnaround in investor appetite for Africa
The International Monetary Fund has said it sees a turnaround in investor appetite for Africa after years of turmoil. Daniel
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Author: Markets Reporters
Naira extends gain against dollar despite forex liquidity drop
The naira gained further last week despite the over 50 percent decline in liquidity in the foreign exchange market. The
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Nigerian stock rally loses steam after bumper rate hike
The rally in the Nigerian stock market has hit a speed bump after two straight hikes in interest rates by
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Electricity customers wrongly billed at new rate to get refund – NERC
The Nigerian Electricity Regulatory Commission (NERC) has said all customers wrongly billed at the new rate should be refunded through
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Naira sinks to 1,665/$ on official market as liquidity dips
The naira closed at a new record high of 1,665.50 per dollar on the official foreign exchange market on Friday
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CBN wants BDCs to request BVN, passport, others for dollar sales
The Central Bank of Nigeria has released a draft revised guidelines for Bureau de Change operations that will require BDCs
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CBN to stop BDCs from selling FX to businesses, financing political parties
The Central Bank of Nigeria released on Friday a draft revised guidelines for Bureau de Change operations that include the
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Power minister wants payments for gas in naira
The Minister of Power, Bayo Adelabu, says he is working towards ensuring that electricity generation companies, also known as GenCos,
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NNPC to keep ‘significant portion of revenues’ with CBN
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mele Kyari, and the Governor of
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NNPC says no plans to hike petrol price
The Nigerian National Petroleum Company (NNPC) Ltd has said there is no imminent increase in the pump price of petrol.
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