Nigeria sold 75 billion naira ($476.10 million) worth of 5-, 7- and 10-year sovereign bonds maturing in 2017, 2019 and 2022 at an auction on Wednesday, with yields inching up by just more than 70 basis points. Nigeria, sub-Saharan Africa’s second biggest bond market was included in the JP Morgan’s […]
World News
Nigeria inflation eases to 11.3 pct yr-yr in Sept – stats bureau
Nigeria’s consumer inflation eased for the third straight month to 11.3 percent year-on-year in September, down from 11.7 percent year-on-year in August, the National Bureau of Statistics (NBS) said on Wednesday. Food inflation, the largest contributor to the headline index, rose slightly to 10.2 percent year-on-year in September, from 9.9 […]
Nigerian naira pressured by strong dollar demand
Nigeria’s naira closed flat against the dollar in the interbank market and weakened slightly on the official foreign exchange window on Wednesday as strong dollar demand kept pressure on the local currency, traders said. The naira closed at 157.60 to the dollar at the interbank market on Wednesday, the same […]
