20/6/2016/AfDB African Development Bank Group President Akinwumi Adesina and Quebec Premier Philippe Couillard discussed opportunities on the continent for private- and public-sector investment in the areas of energy, renewable energy and agro-industry. The meeting with Couillard and Quebec’s Minister of International Relations and La Francophonie, Christine St-Pierre, took place on […]
Updates
Nigeria cbank sells $3.5 bln in forward trades to clear FX backlog
21/6/2016/Reuters Nigeria’s central bank has sold $3.5 billion on the forward market after it auctioned $532 million and intervened on the interbank market on Monday to clear backlog of currency demand as it lifted its peg on the currency. The bank sold $697 million in one-month forward, $1.22 billion in […]
Nigeria’s naira holds losses after float
Tuesday June 21, 2016/Reuters By Chijioke Ohuocha and Oludare Mayowa Nigeria’s naira held onto its losses against the dollar in thin trade on Tuesday, a day after the central bank removed its currency peg in an effort to alleviate chronic foreign currency shortages choking growth. Fifteen trades worth a total […]
