Foreign exchange reserves climbed by 30 per cent to hit a more than 32 month high of $42.56bn by October 29, the latest figures from the Central Bank of Nigeria showed on Wednesday. Forex reserves in Nigeria stood at $32.72bn last year; the reserves rose by 3.4 per cent from […]
Tag: Naira
Nigeria’s Unity Bank 9-mth pre-tax profit up 48 pct
Nigeria Unity Bank said on Tuesday its 9-month pre-tax profit jumped 48 percent to 4.44 billion naira ($28.22 million), compared with 3 billion naira in the same period a year ago. Gross earnings in the year to September rose to 38.91 billion naira from 30.72 billion naira, while loans grew […]
Nigeria issues 75 bln naira in bonds, yields up slightly
Nigeria sold 75 billion naira ($476.10 million) worth of 5-, 7- and 10-year sovereign bonds maturing in 2017, 2019 and 2022 at an auction on Wednesday, with yields inching up by just more than 70 basis points. Nigeria, sub-Saharan Africa’s second biggest bond market was included in the JP Morgan’s […]
