Billionaire Aliko Dangote, Africa’s richest man, helped fuel a record surge in syndicated loans by Nigerian borrowers last year with a $3.3 billion facility. The nation’s companies signed more than $13 billion of syndicated debt, four times the amount raised in 2012, according to data compiled by Bloomberg. Dangote Industries […]
Author: InvestAdvocate
Nigeria’s naira hit record low of 169 to dollar before trading stopped
Nigeria’s naira fell to a record low of 169 to the dollar before trading stopped on Thursday owing to volatility caused by the suspension of central bank governor Lamido Sanusi, several dealers said. Source: Reuters
Nigeria’s forex, bond, money markets stop trading after cbank governor’s suspension
Nigeria’s forex, bond and money markets have all stopped trading because of uncertainty and volatility created by the central bank governor’s suspension, several dealers told Reuters on Thursday. “The market is frozen right now because no one wants to take position and the fact that the market was already short,” […]
