By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday remained bearish closing slightly lower 0.01 percent on lackluster investment activities, according to Cowry Asset research. At the close of today’s trading on the domestic bourse, all-share index (ASI) closed at 24,637.91 points, while market capitalisation eased by N541.22 million to […]
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Nigeria agrees currency swap with China to shore up naira, help fund deficit
Tue Apr 12, 2016/Reuters By Felix Onuah Nigeria on Tuesday agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds in China. The West African nation is facing its […]
Nigeria to raise 167.5 bln naira in treasury bills
Tue Apr 12, 2016/Reuters Nigeria plans to raise 167.51 billion naira ($843.67 million) in treasury bills with maturities ranging between 3-month and 1-year on April 20, the central bank said on Tuesday. The bank aims to raise 36.78 billion naira in the 3-month paper, 35 billion naira in the 6-month […]
