Edition:
United Kingdom

Chijioke Ohuocha

UPDATE 1-Nigeria's central bank will keep controversial FX system

24 Jun 2019

ABUJA, June 24 Nigeria's central bank will keep its foreign exchange system, its governor said on Monday, supporting a controversial managed float of the naira that investors and the International Monetary Fund have asked the country to dismantle.

Nigeria to shut bank accounts of firms which import FX restricted goods

14 Jun 2019

LAGOS, June 14 Nigeria's central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.

MTN Nigeria signs 200 billion naira loan after Lagos listing

17 May 2019

ABUJA MTN Nigeria said on Friday it has signed a 200 billion naira ($653 million) loan with seven local banks, a day after it floated its shares on the Lagos stock market.

UPDATE 1-MTN Nigeria signs 200 bln naira loan after Lagos listing

17 May 2019

ABUJA, May 17 MTN Nigeria said on Friday it has signed a 200 billion naira ($653 million) loan with seven local banks, a day after it floated its shares on the Lagos stock market.

UPDATE 1-Nigerian Stock Exchange aims to complete public listing this year - CEO

16 May 2019

LAGOS, May 16 The Nigerian Stock Exchange is aiming to complete its public listing this year, its chief executive told Reuters on Thursday.

UPDATE 4-MTN Nigeria to list shares in Lagos in $6 bln flotation

15 May 2019

* Government has pushed for bigger local stake in unit (Adds details of MTN listing by introduction)

UPDATE 1-MTN targets Thursday for long-planned Nigeria listing

14 May 2019

ABUJA, May 14 MTN's Nigerian business is aiming to list on the Nigerian Stock Exchange on Thursday, a spokesman for the South African company said.

UPDATE 1-Nigerian stocks drop 1.2% on renewed growth worries

13 May 2019

ABUJA, May 13 Nigerian stocks dropped 1.26% to a near two-year low on Monday on renewed growth worries after Godwin Emefiele was nominated for a second term as central bank governor, traders said.

UPDATE 3-Nigeria central bank head nominated for second term

09 May 2019

* President Buhari has favoured strong currency (Adds central bank, analyst comment)

Nigeria, Brexit-bound Britain target closer investment ties

02 May 2019

LAGOS Nigeria and Britain aim to deepen insurance sector ties and look into introducing naira-denominated instruments onto London's financial market, the trade ministry in Abuja said, as Britain makes efforts to expand trade links with partners beyond the EU.

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