Nigeria to refinance $3bn worth of T-bills with dollar debt
By CNBC
11 August 2017 |
3:00 pm
In a bid to lower costs and improve Nigeria's debt position, the government announced plans to refinance 3 billion dollars’ worth of treasury bills denominated in local currency with dollar borrowing.
In this article
Related
6 Mar
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
5 Mar
The country's top court ordered the government to extend a deadline for citizens to swap old bills for new ones. A judge said the president had behaved like a "dictator" in his rush to carry out the banknote redesign.
5 Mar
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
7 Mar
There seems to be no respite in the rising cost of airfares for domestic air passengers as airlines say aviation fuel remains at an average of around 800 naira per litre coupled with forex scarcity issues among other operational costs.
7 Mar
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
10 Mar
Six people were killed and dozens injured when a train crashed into a passenger bus in Lagos, Nigeria on Thursday, said the emergency response agency.
15 Mar
In Kenya, dollar shortage has hit oil importers hard as they need the greenback to bring in supplies.
24 Mar
A new generation of talented forex traders in Nigeria is learning the moves of the industry — and fast! We find out why this unconventional business model is giving hope to young Nigerians.
23 Mar
The Super Eagles defeated Guinea Bissau 2-0 when both sides last met in January 2022. Can they do it again? Host Ayomide Sotubo and James Agberebi discuss the game and more on this episode of The Nutmeg.
26 Mar
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
24 Mar
Thousands of people in Nigeria's Niger Delta region are suing oil giant Royal Dutch Shell over alleged damage to their communities. They hope to convince a British court that Shell's exploration activities have polluted their rivers and water supplies.
27 Mar
The Super Eagles were defeated by Guinea Bissau 0-1 when both sides last met last week. Can they do it again? Host Ayomide Sotubo talks about the last game and the coming game in this episode of The Nutmeg.
Latest
1 day ago
Recep Tayyip Erdogan has secured yet another term in office, after an historic election which went to a runoff. The Turkish leader fought back a tough challenge from opposition candidate Kemal Kilicdaroglu.
1 day ago
Ukrainian authorities said that Kyiv had shot down 37 missiles and 29 drones. The Ukrainian capital has faced increasing bombardment over the month of May.
1 day ago
GuardianTV went on the street of Abuja to ask what they expect from the new administration of President Bola Ahmed Tinubu as it takes effective from today May 29.
1 day ago
Niger Delta Group declares support for Tinubu's Presidency.
1 day ago
Known as a political "godfather," Bola Tinubu is taking charge of the government while Nigeria reels under economic distress and insecurity.
1 day ago
These are the moments Kwara, Kaduna, Lagos, Zamfara, Kastina Governors take the oath of office.