Nigeria’s Osun State has begun offering the country’s first Islamic bond, taking a major step towards developing an Islamic finance industry in Africa’s most populous nation, bankers said on Thursday. The issue makes Nigeria the first big economy in sub-Saharan Africa to market a sukuk, although Gambia has been selling […]
Tag: Nigeria
Nigeria central bank expects below-target inflation in 2014
Nigeria’s central bank expects inflation to remain below its single-digit target throughout 2014, as it has this year, Deputy Governor Kingsley Moghalu said on Thursday. He also said growth next year was projected at 7.6 percent, which compares with a rate this year of around 6.5 percent. He added that […]
2014: FG Projects N4.5tn Budget, Sets Oil Benchmark at $74/bl
The federal government is set to propose a budget of N4.495 trillion for the fiscal year 2014 that will be predicated on an oil revenue benchmark of $74 per barrel. While the proposed budget projection translates to a N492 billion reduction from the N4.987 trillion appropriated by the National Assembly […]
