The Central Bank of Nigeria (CBN) has paid an additional $64.44 million toward the verified foreign exchange …
Tag:
naira
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Africa NewsBanksFeatureNews
Nigeria’s central bank pays $2 bln to clear FX backlog
by Aya Anwarby Aya AnwarThe Central Bank of Nigeria settled matured foreign exchange contracts by paying lenders about $2 billion of …
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Financial Institutions
Britain, Nigeria explore ways to list naira bonds in London
by Yomna Yasserby Yomna YasserBritain and Nigeria are exploring ways to list naira-denominated bonds on the London Stock Exchange (LSE) to …
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Banks
Egypt’s forex reserves surpass Nigeria for first time in 6 years: Bloomberg
by Yomna Yasserby Yomna YasserEgypt’s foreign-exchange reserves have surpassed Nigeria’s for the first time since 2011. The North African country, which …
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Banks
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
by Yomna Yasserby Yomna YasserA currency devaluation may do little to fix Nigeria’s problems unless it follows the examples of emerging …