Nigeria has sold 129.83 billion naira ($825.37 million) in treasury bills with maturity ranging from three months to six months at lower yields, the central bank said on Thursday. The central bank sold 39.05 billion naira of 91-day paper at a yield of 12.75 percent, slightly lower than the 12.88 […]
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Moody Assigns Ba3 Rating to Nigeria, Kenya B1, Zambia B1
_By Peter OBIORA InvestAdvocate London (INVESTADVOCATE)-Moody’s Investors Service, Global Credit Research Firm Wednesday assigned local and foreign currency issuer rating of Ba3 to the Federal Government of Nigeria (FGN); B1 to Kenyan and Zambian Governments respectively; affirming the outlooks of the ratings as stable. This is contained in a Statement […]
Nigeria as Giant of Africa Receives $5 billion FDI from US-Ambassador
Ambassador Terence P. McCulley, the United States Ambassador to Nigeria recently granted an interview to the Economic Confidential magazine in Abuja. A career diplomat, McCulley started his career in Africa when he was posted to Niger, followed by assignments in South Africa, Chad and worked on Central African affairs. He […]
