Nigeria‘s foreign reserves rose to $48.84 billion by April 26, 0.59 percent up on the previous month, the latest figures from the central bankshowed on Tuesday, as Africa’s top energy producer booked more savings from its crude exports. The forex reserves of the continent’s second biggest economy stood at $48.55 […]
Tag: Nigeria
Bloomberg Group seeks SEC’s support for its TV Africa Project
Press Release Real time reportage of Nigeria’s Business and Financial sector will soon get a boost as the Bloomberg Group from London has commenced activities for the take off of its television station, Bloomberg TV. Africa. The Bloomberg TV. Africa, according to the Commercial Director Bloomberg Group, Linsey Olivier, […]
Naira falls on investors’ oil concerns
The naira reached the lowest level in more than a month as investors slowed purchases of Nigerian bonds after oil prices weakened and output missed a forecast. The currency depreciated 0.3 per cent to N159.35 per dollar in Lagos, the lowest on an intra-day basis since March 18. The naira […]
