Nigeria: Naira Stable As Nigeria's Eurobond Climbs

19 February 2013

Nigeria's $500 million Eurobond yields rallied for the first time in five days after a forecast that the country's economic growth will accelerate this year and as foreign-exchange reserves increased.

THISDAY checks showed that the naira was also stable at the Wholesale Dutch Auction System (WDAS) Monday as it maintained its value of N155.74 to a dollar. The apex bank also sold a total of $120 million to dealers, same as last Monday's auction.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.