Nigeria targets raising foreign reserves, naira value with Eurobond

One of the targets of the recently marketed Eurobond deal is to use the goodwill to shore up the Nigeria‚Äôs depleted foreign reserves and increase the naira value, according to the Central Bank of Nigeria (CBN). The anticipation is that at the time all allotments from the bond are fully paid up, the proceeds would…

Hope for naira as economy receives $1.5bn diaspora boost

Policy makers have remained upbeat on their expectations of naira rise in value as Nigerians abroad plan to repatriate about $1.5 billion into the country, between December and January. This is part of the outcome of a series of meetings in Europe and America by a special committee made up of officials from the Office…