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.
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.
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.
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.
LAGOS, May 16 The Nigerian Stock Exchange is
aiming to complete its public listing this year, its chief
executive told Reuters on Thursday.
* Government has pushed for bigger local stake in unit
(Adds details of MTN listing by introduction)
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.
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.
* President Buhari has favoured strong currency
(Adds central bank, analyst comment)
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.