Naira plunges to 505 against dollar amid forex scarcity
The Nigerian currency fell on Tuesday to a new record low against the dollar at the parallel market. The naira
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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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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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AfDB returns to Australian bond market, to raise A$600m
The African Development Bank launched a A$600 million (US$463.9 million) 5.5-year Kangaroo bond, marking its return to the Australian dollar
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FMDQ Exchange admits Mixta Real Estate’s commercial paper
FMDQ Securities Exchange Limited announced on Monday the approval of the quotation of the Mixta Real Estate Plc N1.02 billion Series
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NNPC, NCDMB to construct N10.5bn petroleum products terminal
The Nigerian Content Development and Monitoring Board, the Nigerian National Petroleum Corporation and ZED Energy Limited have signed shareholders agreement
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Ecobank’s $350m bond more than three times oversubscribed
Ecobank Transnational Incorporated, the parent company of the Ecobank Group, announced on Friday that it had successfully raised $350 million
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Nigeria’s daily oil production falls to 1.34 million barrels
Crude oil production in Nigeria declined to 1.34 million barrels per day in May from 1.37 million bpd in April,
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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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Nigerian Exchange improves broker performance ranking report
Nigerian Exchange Limited has launched an enhanced broker performance ranking report designed to provide detailed insight into the performance of
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