By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria recorded Foreign Exchange (FOREX) inflow of US$3.34 billion through the Central Bank in the Month of July 2012. This is contained in the Economic Report for the Month of July 2012 by the CBN. Similarly, the country recorded an outflow of US$2.93 billion in […]
Tag: Nigeria
Nigeria plans 60 bln naira in 5-7 year bond auctions
Nigeria plans to issue 60 billion naira ($379.75 million) in local bonds, with maturities of between five and seven years at its regular auction on Sept. 19, the Debt Management Office (DMO) said on Thursday. The debt office said it would sell 30 billion naira each in re-openings of existing […]
Nigerian naira falls on strong dollar demand
The Nigerian naira weakened against the U.S dollar on the interbank market on Monday, on strong dollar buying by some importers unable to obtain funds at the bi-weekly foreign exchange auction, and thin dollar supply from oil companies. The naira closed at 158.40 to the dollar on the interbank market, […]
