April 4, 2016/The Nation By Collins Nweze Foreign investors repatriating profits and others exiting the Nigeria equities and bond markets last week triggered a rise in foreign exchange (forex) disbursement by leading banks. Many of the investors, after liquidating their investments, secured forex to repatriate their funds through Stanbic IBTC […]
Tag: Naira
Nigeria to raise 219 billion naira in Treasury bills
Wed Mar 30, 2016/Reuters Nigeria plans to raise 218.89 billion naira ($1.10 billion) in short-dated treasury bills on April 7, the central bank said on Wednesday. The bank said it will sell 55.40 billion naira of three-month and 33.49 billion naira of six-month bills and 130 billion naira of one-year […]
US Says will Put Pressure On Nigeria to Further Devalue Naira, Ease Currency Controls
March 29, 2016/The Will The United States has revealed that it will press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in the country. This was revealed by U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, who told an […]
