The Federal Government Monday proposed a portfolio of concessionary loans totalling $9.3 billion under its 2012-2014 Medium Term External Borrowing Plan and requested the National Assembly to consider and approve it. The proposal consists of an initial request of $7.9 billion which has been pending before the parliament and an […]
Tag: Nigeria
Nigeria Accounts for 30 Percent of Sub-Saharan Africa’s Exports
There are indications that Nigeria’s trade policy has placed it above other countries in the sub-Saharan Africa as it accounts for about 30 percent of the entire exports of the Sub-Saharan African countries to the outside world. However, the international financial advisory firm, Renaissance Capital, which made the disclosure said […]
External reserves rise above 32-month high
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 […]
