President Bola Tinubu has asked the House of Representatives to approve plans to raise $2.347 billion from the international capital market to partly finance the 2025 budget deficit, refinance maturing Eurobonds, and issue Nigeria’s first-ever Sovereign Sukuk. In a letter dated September 22, 2025, addressed to Speaker Tajudeen Abbas, Tinubu said the request was in […]
…Hike by N19.1tr to 22.1% in one year …As external reserves steady at $47.06bn Foreign exchange transactions, Treasury bills, Money Market, including Repurchase Agreements, Buy-Backs and Unsecured Placements/Takings, FGN Bonds, other Bonds and Eurobonds traded for a period of six months have been put to a total value of N86.40 trillion, checks by The Daily […]
…As Naira gains at investors FX window …Foreign reserves steady at $47.865bn Total transaction turnover in the Nigeria’s Foreign Exchange (Forex) market, Foreign Exchange Derivatives; Treasury Bills (T.bills) market, FGN bonds; Other Bonds; Eurobonds; Repurchase Agreements/Buy-Backs and Unsecured Placements/Takings, between January and March, 2018 stood at a whopping N39.929 trillion or $118.898 billion, The Daily […]