Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window of the foreign exchange market since the Central Bank of Nigeria announced it has cleared $2bn as part of its backlog obligations. On Monday, the apex bank disclosed it paid $2bn from the backlog of […]
Fed Govt offers 12.0% annual returnon new savings bonds
The federal government is offering retail investors at least 12 per cent annual return on their investments in government’s sovereign retail bonds. The government is offering its first debt issuance in 2024 with the launch of the January 2024 tranches of its monthly retail bond issuance, otherwise known as Federal Government of Nigeria Savings Bond […]