The Nigerian naira eased against the U.S. dollar on the interbank market and at the central bank’s bi-weekly auction on Monday as importer activity gradually resumed in the south of the country after strikes over the withdrawal of fuel subsidies.  Traders said the outbreak of violence in the northern city […]

Nigeria said it will auction 89.75 billion naira ($556.93 million) worth of 10-year sovereign bonds with different maturity dates on Wednesday at its first monthly debt auction of the year, the Debt Management Office (DMO) said on Monday.   The debt office said it will sell 19.75 billion naira in […]

Press Release By InvestAdvocate Lagos (INVESTADVOCATE)-Bank customers will not incur charges for using Point of Sale (PoS) machines, the Central Bank of Nigeria (CBN) has said. In a statement, it said that the cost of such deals will be borne by merchants, which will pay 1.25 per cent of the […]