IFC to finance Nigerian private sector projects
The International Finance Corporation (IFC) and Nigeria's Central Bank (CBN) have signed a strategic agreement to…
Browsing Tag
naira
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…
