Naira Devaluation Bets Surge as Buhari Extends Sick Leave-Bloomberg
Traders increased bets that Nigeria will allow the naira to weaken after the central bank eased some capital controls and...
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Why Shoprite’s Nigerian expansion slows despite huge sales – Official
South African retail outlet, Shoprite, has said that expansion in Nigeria will face hurdles in 2017 due to dearth of...
Curfew imposed after 14 people killed in ethnic fighting in Kaduna
The government has imposed a 24-hour curfew on parts of central Nigeria, a government spokesman said on Tuesday, after clashes...
Naira firms on black market after CBN action -traders
The naira firmed 1.1 percent to 510 on the black market on Wednesday, bureau de change (BDC) traders said, after the...
Nigeria sovereign wealth fund assets almost doubled by end-Q3 2016
Assets held by Nigeria's sovereign wealth fund almost doubled to 413.63 billion naira ($1.36 billion) by the end of the...
Britain pledges extra $250 million to fight famine in South Sudan, Somalia
Britain will provide additional aid money to South Sudan, where famine has been declared in parts of the country, and...
Nigeria revenues for state and local govts up 16 pct in January
Nigeria's distributable government revenues rose in January by 16 percent to 465.19 billion naira ($1.5 billion) as it brought in...
Buhari to be away for longer, as Presidency says only he can disclose state of health
Only President Muhammadu Buhari can inform Nigerians about the true state of his health, the Presidency said on Tuesday as they...
Buhari needs “further rest” after results of tests emerged – Spokesperson
The Special Adviser on Media and Publicity to the President, Femi Adesina, on Tuesday in Abuja said the results of...
Currency hoarders embark on panic selling on new fx rules, CBN floods market with $500 m
Currency hoarders and speculators reacted to tacit devaluation of the naira which was followed by release of $500 million into...
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