August 31, 2016/Reuters Nigeria’s sovereign dollar bonds fell across the curve to their lowest level in more than two weeks after official data showed the economy contracted by 2.06 percent in the second quarter, sending Africa’s biggest economy into its first recession for 25 years. The 2023 issue chalked up […]
Updates
Nigeria’s foreign reserves fall to $25.45 bln by Aug.29
August 31, 2016/Reuters Nigeria’s foreign exchange reserves fell to $25.45 billion by Aug. 29, down 2.86 percent from the previous month, central bank latest data showed on Wednesday as the bank stepped up support for its ailing currency. Dollar reserves of Africa’s largest economy stood at $26.20 billion in end […]
Nigeria central bank ends banks’ suspension from FX market
August 31, 2016/Reuters Nigeria’s central bank ended the suspension of eight lenders banned from the interbank currency market for failing to remit money owed to the government, it said on Wednesday. The central bank tightened restrictions on the flow of dollars to domestic lenders in March. That forced the banks […]
