By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday gained 0.5 percent on the black market to trade 217 to the dollar after the 2015 presidential elections in the country. The Nigerian local currency according to Cordros update gained 14 basis points (bps) and 65 bps against the greenback […]
Money Market
Nigeria’s 5-year bond yield falls as U.S. investor buys bond -dealer
March 31, 2015/Reuters Nigeria’s 5-year bond yield fell 33 basis points on Tuesday after a U.S. investor bought government debt, with uncertainty surrounding presidential elections in Africa’s biggest economy easing, a dealer at a major commercial bank told Reuters. The yield on the 2019 bond initially fell 2 basis point […]
External reserves fall to $29.79bn
The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed. Year-on-year, the reserves fell by 21.3 per cent from $37.83bn in March 2014 to stand at the new balance of $29.79bn […]
