The Central Bank of Nigeria on Monday intervened in the foreign exchange market as it offered $200m for sale at the auction. It said, in a statement on its website, “Further to our circular Ref. FMD/FED/CIR/GEN/01/082/10 of December 29, 2010, the CBN hereby intervenes with an offer of $200m for […]

The value of Federal Government bonds listed in the Nigerian capital market hit N3.54tn at the end of year 2011. This information was contained in a document posted on the website of the Nigerian Stock Exchange on Monday. The amount, which represented the total sum borrowed by the FGN to […]

Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said on Monday, as the country’s interim cabinet seeks to fill a budget gap pushed wider by almost a year of political and economic turmoil. The previous army-backed government turned down an offer of $3 […]