Nigeria’s foreign exchange reserves rose to $34.67 billion on Feb. 1, their highest level in four and half months, central bank data showed on Friday, raising hopes of a more stable exchange rate on the naira.  The figure was up on the $32.98 billion of forex reserves that Africa’s top […]

The Federal Government on Thursday said it planned to auction treasury bills worth N149.27bn ($926.42m) at its regular debt auction next week. The Central Bank of Nigeria in a statement said it would sell N49.27bn in 91-day paper, and N50bn each in 182-day treasury bills and 364-day bills next Wednesday, […]

The Nigerian Stock Exchange has said that it is set to reduce the listing requirements for companies seeking to raise capital from the Exchange. This, according to the NSE, is part of its plans to deepen activities and encourage more participation in the capital market. A statement made available to […]