(AFRICAN EXAMINER) - The Federal Government through the Debt Management Office (DMO) has redeemed a $500 million Eurobond on its due date on July 12, 2023. The Eurobond was issued in July 2013 (as part of a dual-tranche USD1 billion Eurobond) for a tenor of ten (10) years at a coupon of 6.375% per annum.
(AFRICAN EXAMINER) - The World Bank has clarified that the 800 million dollar loan from the bank was approved as of December 2021, a time when the government of Muhammadu Buhari contemplated the removal of fuel subsidy. Its Nigerian articlesCountry Director, Dr Shubham Chaudhuri, made this known on Tuesday at an event organised by the
(AFRICAN EXAMINER) - The Federal Government, on Monday, said six new companies have received approval to import petroleum products into Nigeria. The Managing Director of Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed made this disclosure to state correspondents at the Presidential Villa. Farouk stated that apart from the approved six, several companies
(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) on Wednesday informed all authorised dealers and the general public of immediate changes to operations in the Nigerian Foreign Exchange (FX) Market. This will involve the unification of all segments of the forex market collapsing all previous windows into one, said a statement by the Director
(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has reacted to reports claiming that it has devalued the naira to about 630 naira to a dollar. The report of the currency devaluation was earlier reported by one of the national dailies. However, in a statement on Thursday, the bank’s Acting Head of Corporate Communications,