DMO: Foreign investors cut participation in bond market in 2019
08 February 2020 | 4:31 pm
Nigeria’s Debt Management Office says foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39 of all bonds issued compared with 10.99 per cent bought in 2018. Ifueko Olotu, Team Lead, Treasury Coverage at Access Bank joins CNBC Africa for more.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the "full and final settlement" to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War. The company has maintained that the damage was caused by third parties.
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Traditionally, growing avocados requires lots of water. But entrepreneurs in Nigeria are attempting to grow them in a new water-saving and sustainable way by using drip irrigation systems and recycling water.
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On GirlZOffMute, we're in Nigeria with the nine-year-old, multi-talented artist Lisa Ebube Nnabuihe, aka Little Lisza. Apart from composing her own songs, she remixes those of famous Nigerian musicians. But which of her remixes is her favorite? And why does Lisa take such pride in her Igbo culture? Listen to what she told our teen reporter who is also a Hollywood star – Angel Onyi Unigwe.
Here are a few reasons to pick up a copy of The Guardian on Wednesday
The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami was berated by the Nigeria Governors’ Forum (NGF) over plans to deduct about $418 million from the federal account to pay private contractors and firms allegedly owed by the 36 states and local governments over the Paris Club refund.
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