The naira weakened for a fourth day after the central bank in Nigeria removed limits on how many dollars can be sold to foreign-exchange bureaus, driving demand for the U.S. currency. The currency of Africa’s second-biggest economy retreated as much as 1.6 percent to 163.21 per dollar, the lowest on […]
Tag: Nigeria
Sabmiller to invest $110 mln in Nigeria brewery expansion
SABMiller PLC : * Sabmiller Plc – Sabmiller to invest us$110 million in Nigeria * Sabmiller Plc Investment will lead to the creation of a further 400 direct jobs (not 300 jobs) * Sabmiller Plc the capacity expansion work has already commenced and is due for completion in the first […]
Nigeria puts $300 million World Bank cash into mortgage agency
Nigeria has put $300 million worth of World Bank aid money into a mortgage-backed guarantee that it hopes will boost lending via the creation of a secondary market, the finance ministry said on Wednesday. Africa’s most populous country and second biggest economy suffers a woeful housing shortage, with somewhere between […]
