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Nigeria’s external reserves hit 5-year high of $46bn

It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.

Senate: Why Nigeria must stop borrowing to fund budget

Nigeria needs to lower its debt profile in order to make financial resources available for priority projects, the Senate Committee on Local and Foreign Debts has posited.

President Buhari: Executive, National Assembly standoff slowing governance

President Muhammadu Buhari on Tuesday blamed the standoff between his administration and the National Assembly for the slow pace of governance under the leadership of the All Progressives Congress (APC).

APC chair John Odigie-Oyegun survives sack plot, gets tenure extension

The National Chairman of the ruling All Progressives Congress (APC), Chief John Odigie-Oyegun, Tuesday, survived renewed efforts to oust him, as the National Executive Committee (NEC) of the party extended his tenure by an additional year.

Why Transparency International corruption index report on Nigeria is a sham

The a vowed mission of Transparency International is to stop corruption and promote transparency, accountability and integrity at all levels and across all sectors of society.

Nigeria mulls 700,000 barrels daily oil output surge

Data from the Ministry of Petroleum Resources sighted newsmen showed that indigenous producers from the country aim to pump almost 250,000 barrels per day additional crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day.

Federal govt floats $2.5 billion dual Eurobonds

The Federal Government has floated 2.5 billion dollars aggregate Eurobonds under its Global Medium Term Note Programme.

Central bank injects $210 million into currency market

Nigeria’s central bank said on Monday it had injected $210 million into the interbank foreign exchange market, part of an effort to improve liquidity and alleviate the dollar shortages of the past few years.

Federal govt re-appoints consortium of banks to implement $2.5bn Euro bond

The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme.

Federal govt borrows $300m from Nigerians abroad

The Federal Government borrowed $300m from Nigerians in the Diaspora before it secured the approval of the National Assembly, the Debt Management Office indicated on Wednesday.

Federal govt planning another Sukuk, Eurobond in 2018 – DMO

The director general of the Debt Management Office (DMO), Patience Oniha, says the federal government will issue another Eurobond and Sukuk in 2018.

DMO hails release of capital funding

The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country.

DMO to roll over N1 trillion treasury bills in Q1 2018

The Debt Management Office (DMO) will roll over treasury bills worth N1 trillion in the first quarter of 2018, data made available by the Central Bank of Nigeria has shown.

Naira to hit N360 per dollar at investors’ forex market

The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays.

Federal govt green bond oversubscribed by 0.94 percent – DMO

The Debt Management Office (DMO) says the Sovereign Green Bond recorded oversubscription by 0.94 percent.

Fitch Rating issues warning on profitability of Nigerian banks

Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).

Nigeria raises N162 billion at treasury bill auction

Nigeria raised 161.54 billion naira ($513.64 mln) at a treasury bill auction on Wednesday after it received subscriptions for more than twice the amount on offer, traders said on Thursday.

2017: Forte Oil worst performing stock on Nigerian Stock Exchange

For the second year running, Forte Oil maintained its leadership as the worst performing stock on the Nigerian Stock Exchange (NSE) in 2017 in percentage terms.

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