Nigeria's central bank kept its monetary policy rate (MPR) at 14.0 percent "to safeguard the stability achieved in the foreign exchange market, and to allow time for past policies to work through the economy."
There was cause for celebration Monday, when the federal government issued its first diaspora bond in the international capital market, raising the sum of $300 million at coupon rate of 5.625 per cent for a tenor of five years.
The Central Bank of Nigeria (CBN) yesterday intervened in the inter-bank Foreign Exchange market to the tune of 413.5 million dollars to further shore up the international value of the Naira.
The Debt Management Office (DMO) has announced the commencement of a global offering of Nigeria’s first Diaspora Bond.
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