Ifeanyi Onuba, Abuja Tuesday, 7 Dec 2010 The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Monday, said that the absence of long-term plans for infrastructure financing was responsible for Nigeria’s infrastructure deficit, despite huge budgetary allocations for capital projects. The apex bank boss, who said this […]

By Stanley Opara with agency report Tuesday, 7 Dec 2010 Nigeria’s foreign exchange reserves fell by almost a quarter to about $33bn by December 2, from $43bn a year ago, the Central Bank of Nigeria said on Monday. The figure was also about four per cent down from the $34.3bn recorded […]

By Agency Reporter Tuesday, 7 Dec 2010 The Development Bank of Central African States is selling its first treasury bills this month, with a plan to raise 30 billion CFA francs ($60.6m) to fund projects in its six member nations. The seven-year notes would be offered until December 29 at an […]