Thursday, 30 August 2012

NIGERIAS FOREIGN RESERVES IN STEADY RISE,HIT $38.5BN

Nigeria’s foreign reserves in steady rise, hit $38.5bn

 Nigeria’s foreign exchange reserves rose to a 2-year high of US$38.50 from $38.38 billion by August 27. It increased by 4.25 per cent month-on- month to N38 billion as at last Friday,

source:sunnewsonline.com

 

Banks may review N800b privatization finance

 Nigerian banking sector may soon begin a comprehensive review of its earlier pledge to raise an estimated N800 billion required to finance the privatization of the nation’s power sector

source:sunnewsonline.com