February 9, 2016 The Emir of Kano and immediate past Governor of the Central Bank of Nigeria, Muhammadu Sanusi II, has described the monetary policy regime of the CBN as wrong. Sanusi was quoted by Financial Times as saying that President Muhammadu Buhari risked exacerbating the country’s economic woes and […]
Tag: Naira
GT Bank seeks redemption on $500 mln Eurobond
Fri Feb 5, 2016/Reuters Guaranty Trust Bank (GT Bank) launched a tender offer on Friday to repay a $500-million Eurobond early, a move to deploy its available dollar liquidity ahead of the debt’s maturity. The bank said the notes, priced to yield 7.5 percent, were due to mature in May […]
IMF Says Ready to Lend Nigeria, Azerbaijan
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, the managing director (MD) of the International Monetary Fund (IMF) on Thursday said the global lender is ready to loan Nigeria and Azerbaijan if the request is made. “The IMF remains available to all its members; so the moment we are asked to […]
