September 24, 2021
  • September 24, 2021

Articles Posted by Editor

Nigeria to raise 135-235 bln naira debt in Q4

by on September 26, 2013 0

 Nigeria plans to issue between 135-235 billion naira ($843.49 mln-$1.47 bln) in sovereign bonds maturing in August 2016 and July 2030 in the fourth quarter of the year, the Debt Management Office (DMO) said on Thursday.  DMO DG, Nwankwo    The amount being proposed is within the volume of actual debt issuance in the third […]

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Nigeria SEC suspends Cashcraft Management Ltd, directors from market

by on September 26, 2013 0

Nigerian Securities and Exchange Commission (SEC) has suspended Cashcraft Asset Management Limited, its Directors and Sponsored Individuals from all capital market activities. SEC DG, Oteh In a statement published on its website, the apex regulator of the capital market said the company and its promoters are suspended “as a result of the company’s violation of Section […]

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Nigerian naira up on NNPC dollar sales, cbank supply

by on September 25, 2013 0

Nigeria’s naira currency strengthened against the dollar on the interbank market on Wednesday, after the state-owned energy company sold an disclosed amount of dollars and the central bank raised dollar supply at its official window. Nigerian energy firm    The local unit closed at 160.05 to the dollar, firmer than the 160.6 to the dollar […]

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Investor confidence in Nigeria is rapidly gaining momentum – Aganga

by on September 25, 2013 0

Nigeria’s Minister of Industry, Trade and Investment, Olusegun Aganga has said policy changes implemented by the Federal Government in recent months and improved corporate governance has provided an enabling environment for domestic and foreign investors. Speaking at the New York Stock Exchange, Aganga said investors confidence in Nigeria is rapidly gaining momentum with a significant […]

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Central bank says Nigerian naira most stable currency

by on September 25, 2013 0

Central Bank of Nigeria (CBN) Communiqué No. 91 of the Monetary Policy  Committee Meeting of Monday 23 and Tuesday 24 September, 2013 “The Committee noted that in more than 30 countries surveyed, the Naira exchange rate remained one of the most stable having depreciated by only 2.3 per cent from  year to date compared with the […]

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Ghana 2013 economic growth seen at 7.4 percent

by on September 25, 2013 0

Ghana’s economy grew 6.5 percent year-on-year in the second quarter of 2013 and its provisional full-year growth is seen at 7.4 percent, the West African country’s national statistics office said on Wednesday. Ghana finance minister, Terkper    The International Monetary Fund (IMF) forecast last week that the gold-, cocoa-and oil-producing nation’s gross domestic product (GDP) would […]

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Nigeria fund invests $200 mln as oil price cushion

by on September 25, 2013 0

Nigeria’s fledgling sovereign wealth fund has completed investment allocations for the 20 percent of the $1 billion it is setting aside to guard against commodity price shocks, its chief executive said.    Nigeria, Africa’s top oil producer and most populous nation, established the Sovereign Investment Authority (SIA) in 2011 in an effort to manage resources […]

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Thousands protest in Sudan against lifting of fuel subsidies

by on September 24, 2013 0

Sudanese police fired tear gas to break up anti-government protests in four cities on Tuesday, witnesses said as public discontent grew over the lifting of fuel subsidies. Sudan President, al-Bashir    More than 1,000 demonstrators inn Khartoum’s twin city Omdurman shouted “no, no to price increases”, “freedom, freedom” and “the people want to overthrow the […]

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