Nigeria sold 138.43 billion naira ($861.96 million) in 91-day and 182-day debt this week, the second such auction this year, with yields falling compared to the previous sale, the central bank said on Friday.  The regulator sold 55.21 billion naira of 91-day treasury bills at a 14.79 percent marginal rate, […]

Market operators have called on the Federal Government to ensure that the Sovereign Wealth Fund is invested in the Nigerian capital market. Specifically, the operators said that the fund, which is long-term in nature, should be invested in the equities section of the Nigerian Stock Exchange. This, according to them, […]

Nigerian interest rates may need to rise this year if the government pushes ahead with an expansionary budget, Nigeria’s central bank governor said on Thursday, despite the finance minister’s stated wish for a rate reduction.  “If we do have an expansionary budget plus the fuel subsidy removal, I think the […]