Nigerians will be charged higher fees for deposits and withdrawals exceeding N500, 000 and N3 million, for individuals and corporate customers respectively. This falls in line with a new policy adopted by the Central Bank of Nigeria.
One week after its issue, Nigeria’s $1 billion Eurobond started trading yesterday on the London Stock Exchange (LSE).
Fitch Ratings has assigned Nigeria’s $1 billion 15-year 7.875% senior unsecured notes a final rating of ‘B+’. The final rating replaces the expected rating that Fitch assigned on 6 February 2017.
Nigeria has again lost its place as the top oil producer in Africa after Angola overtook it.
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