Nigeria has given in its number five spot to Kenya as it slipped to number six in the list of top 10 investment destinations in Africa. Nigeria had held her current position (6th) in 2011, according to the sixth edition of Rand Merchant Bank’s...

The nation’s foreign exchange market recorded $327m worth of transactions on Monday, about six times more than its usual volume, the FMDQ OTC Securities Exchange, told Reuters. This included a single transaction of $270m at N345/dollar by foreign investors buying local currency bonds, the Managing...