Nigeria has approved new rules allowing companies to issue Islamic bonds this week, a move aimed at attracting Middle Eastern investors, the head of the country’s Securities and Exchange Commission (SEC) told Reuters on Friday. Nigeria, home to the largest Muslim population in sub-Saharan Africa, is trying to establish itself […]
Tag: Nigeria
Nigeria oil bill passes second reading in Senate
Nigeria‘s long-awaited oil bill has passed a second reading in the upper house, paving the way for it to go to specialist committees to be discussed, Senate sources said on Friday. The comprehensive Petroleum Industry Bill (PIB) has been more than five years in the making and previous versions failed […]
Nigeria budget deficit falls to 1.85 pct of GDP
Nigeria‘s budget deficit is set to fall to 1.85 percent of gross domestic product in 2013, the director general of the budget office said on Thursday. Last year’s budget predicted a 2012 deficit of 2.97 percent of GDP. Nigerian President Goodluck Jonathan approved a 4.99 trillion naira budget last month […]
