Nigeria’s inflation hits 34.6% YoY
Nigeria's inflation rate climbed for the third consecutive month in November, reaching 34.60 per cent annually, up…
Browsing Tag
naira
IFC to finance Nigerian private sector projects
The International Finance Corporation (IFC) and Nigeria's Central Bank (CBN) have signed a strategic agreement to…
Nigeria’s naira decline prompts rate discussions
The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
CBN pays additional $64mln FX backlog
The Central Bank of Nigeria (CBN) has paid an additional $64.44 million toward the verified foreign exchange…
Nigeria’s central bank pays $2 bln to clear FX backlog
The Central Bank of Nigeria settled matured foreign exchange contracts by paying lenders about $2 billion of what…
Britain, Nigeria explore ways to list naira bonds in London
Britain and Nigeria are exploring ways to list naira-denominated bonds on the London Stock Exchange (LSE) to help…
Egypt’s forex reserves surpass Nigeria for first time in 6 years: Bloomberg
Egypt’s foreign-exchange reserves have surpassed Nigeria’s for the first time since 2011. The North African…
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
A currency devaluation may do little to fix Nigeria's problems unless it follows the examples of emerging market…
