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 Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article