The naira advanced for a second day after investor inflows into a Nigerian bond auction pushed yields to a record low. The currency of Africa’s biggest oil producer rose 0.2 percent to 157.5 a dollar at 11:14 a.m. in Lagos, the commercial capital. The naira has gained 3.1 percent this […]
Tag: Nigeria
Nigerian parliament passes 2013 budget, inflates spending
Nigeria’s national assembly on Thursday passed a 4.987 trillion naira ($31.6 billion) 2013 budget, inflating proposed spending put forward by President Goodluck Jonathan and reducing the amount of oil money put into savings. Jonathan had sent the national assembly a 4.92 trillion naira budget proposal in October. He will need […]
‘Nigerian Markets Attractive to Long-term Investors’
A report by the Oxford Business Group (OBG) has described the Nigerian economy as a destination for long-term investors. According to a statement, the latest OBG report titled: “Nigeria 2012,†also contained contribution from President Goodluck Ebele Jonathan, together with a detailed, sector-by-sector guide for investors. Regional Editor, Robert Tashima, […]
