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Nigeria issues 101 bln naira in T-bills, yields down

Nigeria has sold 101.22 billion naira ($642.26 million) in treasury bills with maturity ranging from three months to six month, the central bank said on Thursday, and yields were down… Read more »

Nigeria to sell 105 bln naira worth of T-bills

Nigeria plans to issue 104.70 billion naira ($664.34 million) from treasury bills ranging from 3-month to 1-year maturities at its regular bi-monthly debt auction on Sept. 27, the central bank… Read more »

Jonathan May Reverse Introduction Of Single N5,000 Note

There are strong indications that President Goodluck Jonathan may eventually yield to popular demand by reneging on an earlier endorsement to the proposed Naira restructuring by the Central Bank of… Read more »

World Bank chief to speak on cash-less policy

The Head, Payment Systems Development Group, World Bank, Mr. Massimo Cirasino, is billed to visit Nigeria, in October, to speak at a conference on the cash-less policy of the Federal… Read more »

FG proposes N4.92tn budget for 2013

As the National Assembly expects the submission of the 2013 budget, the Federal Government is expected to present an aggregate expenditure of N4.92tn for the fiscal year. The proposal will… Read more »

‘Nigeria’s GDP growth rate not good enough’

Some financial experts on Wednesday said that the high Gross Domestic Product rate being recorded by Nigeria had not impacted positively on the living conditions of Nigerians. The experts told… Read more »

Nigeria naira firms after cbank rate decision

Nigeria’s naira firmed slightly against the U.S. dollar on Wednesday, a day after the central bank left interest rates on hold and said it would keep monetary conditions tight, dealers… Read more »

Nigeria plans 101 bln naira T-bill auction

Nigeria plans to issue 101.21 billion naira ($641.18 million) in treasury bills ranging from 3-month to 6-month maturities at its regular bi-monthly debt auction on Thursday, the central bank said… Read more »

Inflow of short-term investments worries CBN

The Central Bank of Nigeria on Tuesday expressed worries over large inflow of “hot money” or short-term investments into the economy, saying that the development, if not monitored, could negatively… Read more »

Inflation to remain double digit in near future

Analysts at Afrinvest West Africa Limited, an investment bank, have said that inflation rate will remain at double digit in the mean time. The analysts, in a flash note made… Read more »