Nigeria: Investors return for market rebound

Nigeria’s recent tentative steps to free up its naira currency, particularly via a new trading window, have gone down well with some adventurous stock and bond investors who are cautiously returning to the markets they fled two years ago. Once considered one of the most promising emerging markets, Nigeria was hammered when it introduced draconian […]

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Nigeria: Expect $8bn from FOREX

The Federal Government says it is targeting about $8 billion as annual foreign exchange from the exportation of yams to other countries if its yam export programme succeeds. The Minister of Agriculture and Rural Development, Audu Ogbeh, said this when he received the Technical Committee on Nigeria Yam Export Programme in Abuja on Thursday. Mr. […]

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Diversification of the economy can’t be achieved without good transportation system, power supply -Adeosun

Mrs Kemi Adeosun, the Minister of Finance, said the Federal Government invested the sum of N200 billion on roads in 2016. According to the minister, the amount is part of N1.2 trillion earmarked for capital projects to ensure ease of doing business. She said that the N200 billion was against N90 million earmarked for road […]

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Nigeria: Bond investors embrace the more liberal pricing mechanism

  There are no wizards or muggles in the currency-forwards markets. Yet in Nigeria, a parallel universe is taking shape. The African country’s traditional currency-forwards market is facing competition from an upstart system based on the new exchange-rate window policy makers opened six weeks ago. Bond investors and speculators are switching away from non-deliverable forwards […]

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Getting Biz Funds: Easier in Nigeria now

  Funds hinders business growth. And in Nigeria, it is almost always part of the usual suspects young entrepreneurs list when asked what challenges they face growing their business. However, the country has recently witnessed both the private and public sectors increasingly enlist support for young Nigerian entrepreneurs with special funds and business mentorship programs. […]

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