On $2.5b Eurobond Issuance, Foreign Reserves Set To Rise Nigeria’s 42.8 billion external reserves will go up, with the successful issuance of the $2.5 billion Eurobond offer, a report said at the weekend. Besides, cumulative transactions in the Investors’ & Exporters’ (I&E) forex window have hit...

The Naira has appreciated at the parallel market in spite of the rise in the nation’s foreign reserves. The Nigerian currency gained 15 points at the parallel market to exchange at N495 on Thursday after closing at N520 three days ago. It also appreciated against...