In a bid to save the naira from devaluation last year, the Central Bank of Nigeria defended the currency with approximately $26.6bn from the nation’s external reserves; findings by our correspondent have shown. Information obtained from the CBN website on Monday revealed that the bank sold about $26.6bn to currency […]
Tag: 2013
Dangote’s Worth Surged to $9.2b in 2013
Aliko Dangote, Africa’s richest person and the President of Dangote Group, is estimated to have added a whopping $9.2 billion to his fortune in 2013. He remains the 30th-richest person in the world, according to Bloomberg, a global financial intelligence. While the widely respected media corroborated Forbes Africa, reporting that […]
Foreign investment in Nigeria capital market hits N2.4trn
An Economist with the Lagos Business School has said the foreign portfolio investment in Nigeria’s capital market reached $15 billion (N2.36 trillion) in 2013. Dr Doyin Salami said Nigeria remains one of the fastest growing economies in the world due to increase in activities, international trading relations and reduction in […]
