Browsing: Nigeria

The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.

Treasury Bills Yield Eased to 24.29% Ahead of Auction The average yield on Nigerian Treasury bills decreased moderately due to…

The Nigerian naira gained N26.62 against the US dollar in the official foreign exchange market as the Central Bank of Nigeria (CBN) strengthened the supply side. The local currency has seen an increase in demand in a market with low inflows across to satisfy an eligible requisitions.

As the government continues to borrow, Nigeria’s debt clock is predicted to accelerate even more. Total debt to gross domestic product (GDP) is estimated to settle at 54.6% at the end of 2024, analysts at Cordros Securities said in a commentary note.

Nigerian Exchange Enlarges as Investors Gain N295bn The Nigerian Exchange (NGX) market capitalisation expanded as investors that traded highs and…

Nigeria’s Inflation Rate Accelerates Faster to 33.88% Inflation rate accelerated faster in October to 33.88%, according to consumer price index…

Nigeria Eurobond Yields Steady ahead of External Borrowing The average yield on Nigeria’s Eurobond remained steady as foreign investors and…

Africa’s Global Bank, United Bank for Africa (UBA) Plc, will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share.

2025 BUDGET: The Federal Executive Council (FEC) has proposed the sum of N47.9 trillion for the 2025 fiscal year for submission to the National Assembly on Monday.

Nigeria Approves $2.2bn External Borrowing Plan – Finance Minister Nigeria’s Federal Executive Council (FEC) has approved $2.2 billion financing programme…