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 […]
Tag: Central Bank
Markets see South Africa’s central bank lifting rates by 50 bps
Wed Jan 27, 2016/Reuters By Mfuneko Toyana South African bonds are still pricing in the first 50 basis point interest rate increase at a single meeting in two years this week, despite comments by the central bank governor suggesting he wants to keep to a path of gradual hikes. At […]
Nigeria’s FX reserves fall sharply in year-to-date
Nigeria’s forex reserves fell to $40.68 billion as of Feb. 24, down 13.8 percent year-on-year, central bank figures showed on Wednesday. Africa’s top oil exporter’s reserves stood at $47.18 billion a year earlier. They have fallen 6.5 percent this year. Nigeria’s central bank has been burning its forex reserves in […]
