Nigeria’s forex reserves fall below $34bn despite oil rally
Nigeria’s foreign exchange reserves have dropped below $34 billion despite the rally in the price of crude oil, the major
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Economics
Nigerian govt’s reliance on central bank financing worrying: Capital Economics
The Nigerian government’s growing reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly worrying,
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Consortium, govt partner to relaunch South African Airways
Following the announcement by South Africa’s Minister of Public Enterprises, Pravin Gordhan, the Takatso Consortium has expressed its delight and
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IMF approves disbursement of $772m to Angola
The Executive Board of the International Monetary Fund announced on Wednesday that it had completed the fifth review of Angola’s
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Nigeria’s debt stock rises to N33.11tn
Nigeria’s total public debt increased to N33.11 trillion at the end of the first quarter of this year from N32.92
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Twitter ban sends poor message to investors, US tells Nigeria
The United States government has said the ban on Twitter in Nigeria sends a poor message to investors and businesses.
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Dangote Fertiliser begins urea production, spends $2.5bn
Dangote Fertiliser Limited announced on Friday the formal commencement of production of urea in commercial quantity and the plan to
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Afreximbank begins medical centre project in Nigeria
The African Export-Import Bank has announced the commencement of its African Medical Centre of Excellence project in Abuja, Nigeria. Afreximbank
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Nigeria’s forex reserves shed $650m in April, CBN data show
Nigeria’s foreign exchange reserves declined by $650 million last month, according to data from the Central Bank of Nigeria. Markets
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Shell, Rivers govt unveil multimillion-naira cassava firm
An energy giant, Shell, has inaugurated a multibillion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State
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