The naira gained for the first time in three days after data from the Central Bank of Nigeria showed the country’s foreign-currency reserves increased. The currency of Africa’s biggest oil producer rallied as much as 0.3 percent, the most since Jan. 25, as the nation’s foreign-exchange reserves advanced to $46.15 […]
World News
Europe’s central banks stand firm on rates
Europe’s central banks resisted pressure to do more to support growth, keeping interest rates at record low levels Thursday as evidence emerged that the region’s economy may be on the mend. The European Central Bank left its key interest rate at 0.75%, and the Bank of England held its at […]
IFC Issues N12bn Nigeria Local Currency Bond
The World Bank’s private sector arm, the International Finance Corporation (IFC) has issued N12 billion ($75 million) of its debut Nigeria local currency bond. Reuters Tuesday quoted a banker who had knowledge of the deal to have disclosed that the fixed income instrument had a yield of 10.2 per cent. […]
