LAGOS, Aug 23 Nigerian stocks extended their
rally on Friday to a three-week high following President
Muhammed Buhari's inauguration of cabinet ministers, boosting
hopes for reforms that could lift growth for Africa's biggest
economy, traders said.
ABUJA Nigeria's central bank will strive to protect the country's currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion in assets from Nigeria's government, the bank's head said on Monday.
LAGOS, Aug 7 Nigeria's central bank sold a total
of 114.6 billion naira ($375 mln) worth of treasury bills on
Wednesday, in its first such auction since mid-July as it seeks
to boost dollar liquidity in the currency market after the naira
fell, traders said.
LAGOS, Aug 5 Nigeria's Access Bank
and Union Bank have each issued a 30 billion naira
($98.09 million) bond taking advantage of falling yields on the
local currency debt market, banks leading the bond sales said on
LAGOS MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said.
ABUJA African nations will need to boost output of goods and services and integrate payment systems if they are to take advantage of a new $3.4 trillion economic initiative, according to the head of the African Development Bank. | Video
ABUJA, July 24 MTN Nigeria has
appointed former telecoms regulatory chief Ernest Ndukwe as
chairman-designate in a board shake-up following its debut stock
market listing on the Nigerian bourse.
* Cenbank to review loan-to-deposit ratio of banks from
LAGOS, July 19 Nigeria's central bank barred
banks from buying bills for their own accounts at an open market
auction held on Thursday, a move intended to force them to lend
rather than invest in government debt, traders said on Friday.
LAGOS, July 19 Nigeria's Fidelity Bank
aims to sell up to 50 billion naira ($163.2
million) in Tier II debt before the second quarter of next year
to refinance existing bonds as yields fall, the mid-tier lender
said on Friday.