Nigeria plans more borrowing, targets 40% debt-to-GDP
Nigeria, Africa’s biggest economy, is looking to increase its debt-to-GDP ratio to 40 percent by 2023 from10.35 percent at the
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Ecobank Nigeria’s $300m bond oversubscribed by three times
Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated, has said its $300 million bond was more than three
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Naira rises to 475 against dollar after crypto ban
The Nigerian currency strengthened against the dollar on Thursday at the parallel market for the second day after the Central
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CBN ban: SEC puts plan to regulate cryptocurrencies on ice
The Securities and Exchange Commission has put on hold its plan to regulate cryptocurrencies and other digital assets following last
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Nigeria’s forex reserves fall below $36bn despite oil rally
Nigeria’s foreign exchange reserves have declined below $36 billion to the lowest level since Jan. 8, 2021 despite the recent
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Ex-World Bank executive joins Ecobank’s board
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the co-option to its Board of Directors of Hervé
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Debt relief, vaccines critical to Africa’s recovery – AfDB boss
The President of the African Development Bank, Dr Akinwumi Adesina, has said fair access to COVID-19 vaccines and debt relief
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Stock delisting: 11Plc plans to settle dissenting shareholders
11 Plc, formerly Mobil Oil Nigeria Plc, has said it will set aside sufficient funds to settle all dissenting shareholders
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Naira crashes at I&E window as forex reserves fall further
The naira fell to 401 against the dollar on Tuesday at the Investors’ and Exporters’ Foreign Exchange Window. The local
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Nigeria disagrees with IMF on further naira devaluation
The International Monetary Fund has said Nigerian authorities did not agree with the need for an additional exchange rate adjustment.
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