Nigeria plans to raise around 242 billion naira ($772 million) in short-dated treasury bills at an auction on Feb. 1, the central bank said on Tuesday.
Nigeria’s foreign exchange reserves rose 8.9 percent to $27.49 billion by Jan. 20 from a month ago, climbing to the highest level since April, central bank data showed on Tuesday.
South Africa’s rand firmed early on Tuesday, extending gains from the previous session ahead of a central bank policy meeting where the regulator is expected to keep rates on hold over concerns of high inflation and low economic growth.
National Insurance Commission (NAICOM) says its regulatory and supervisory priorities for insurance industry in 2017 will focus on customer protection and market stability, and draws operators’ attention to the need to be prepared to comply where necessary.
* Interim dividend up 2.3 percent to 2.67 penceper share * Sterling profits only slightly lower at profit before tax and exceptionals of £40.2m (prior period £42.1m) despite a challenging macro environment
Director and Senior Fellow, Africa Growth Initiative, Global Economy and Development, Brookings Institution, Amadou Sy With projections that capital flows to oil-exporting countries may decline further or even worse, latest report from the Brookings Institution has highlighted the need for tighter financial conditions and decisive domestic adjustment as policy options to address growing financing needs...
Indications have emerged that the MTN Group will not list the shares of its Nigerian unit on the Nigerian Stock Exchange (NSE) in 2017.
The Nigerian equities market monday resumed the week on a positive note as the Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI appreciated by 0.03 per cent to close at 26,231.37. The market had shed 0.39 per cent last week as highly capitalised stocks fell under the high sell pressure. However, as trading resumed yesterday,...
Some members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) have called for the introduction of new measures to address shocks in the global environment.
Guinness Nigeria plans to seek shareholder approval to raise 40 billion naira ($127.19 million) via a rights issue on Tuesday to boost its balance sheet, the company said.