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Farooq

Posts Tagged "Nigeria"

HomePosts Tagged "Nigeria"
  • CBN

LAGOS, Sept 19 (Reuters) – Nigeria plans to auction 135 billion naira ($442 million) in bonds next week, the Debt Management Office said on Tuesday. The debt office plans to sell 35 billion naira of bonds due in 2021 and 50 billion naira each of bonds due in 2027 and in 2037, using a Dutch […]

Obinna Chima One of the leading financial advisory firms in the world, UBS Wealth Management’s Chief Investment Office (CIO), has predicted that the Gross Domestic Product (GDP) of some economies in Africa, such as Egypt, Kenya and Nigeria, can comfortably grow at five per cent or more in the years ahead. The firm stated this […]

  • dollar to naira

Nigeria’s sovereign wealth fund stood at $2 billion this month with the investment agency seeking further growth through agriculture and the addition of asset management, its chief executive officer said. The government’s contribution stands at $1.5 billion, with the rest including funds owned by the institution and those managed for several government agencies, Uche Orji […]

By Paul Carsten ABUJA, Sept 5 (Reuters) – Nigeria moved out of recession in the second quarter but the pace of growth was slow despite higher earnings from oil, suggesting Africa’s largest economy remains fragile and dependent on its dominant export. Growth was 0.55 percent year-on-year, the statistics office said on Tuesday, while OPEC data […]

Femi Asu The joint ministerial monitoring committee for the Organisation of Petroleum Exporting Countries and non-OPEC oil producers participating in the production cut deal has said it will invite representatives from Nigeria and Libya to its next meeting in September to explain their production outlooks. The deal, which began on January 1 and called on […]

  • dollar to naira

LUSAKA, Aug 3 (Reuters) – The Zambian kwacha is expected to firm next week on increasing hard currency inflows, while the Kenyan shilling is likely to remain steady as the central bank intervenes to smooth out price volatility. Zambia The Zambian kwacha is likely to firm versus the dollar next week due to increasing hard […]

  • IMF

By Chijioke Ohuocha LAGOS, Aug 2 (Reuters) – Nigeria is expected to emerge from recession this year, but threats to recovery remained elevated and the economy will not grow enough to reduce unemployment and poverty, the International Monetary Fund said on Wednesday. Nigeria slipped into a recession last year as low crude prices and oil […]

The Nigerian Stock Exchange (NSE) continued its rally on Wednesday following the decision of the Central Bank of Nigeria (CBN) monetary policy committee (MPC) to hold key interest rate at 14 percent for 12 months running. On Tuesday, Godwin Emefiele, the governor of the bank, announced that the committee decided to “retain the MPR at […]

  • CBN

LAGOS, July 26 (Reuters) – Nigeria plans to issue 229.14 billion naira ($728.59 mln) in Treasury bills at an auction on Aug. 2, the central bank said on Wednesday. The bank said it will issue 29.14 billion naira in three-month bills, 80 billion in six-month paper and 120 billion in one-year bills. Nigeria’s central bank […]

ABUJA, July 26 (Reuters) – Nigeria’s upper house of parliament voted on Wednesday to weaken the power of the presidency and strengthen the legislature. The move came with approval of a series of amendments to the country’s constitution. If approved by the lower house and signed by the president, it would be only the second […]