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Nigeria naira sheds 1.3pc to intraday low of 188.20 vs dollar LAGOS: Nigeria naira fell 1.3 percent on Friday to an intraday low of 188.20 against the U.S. currency, following a surge in dollar demand by importers amid low supply, dealers said.The naira had opened at 185.75.Copyright Reuters, 2015 ...

Rand weakens on prospect of prolonged S.African power crunch JOHANNESBURG: South Africa's rand retreated against the dollar on Thursday, falling as much as 1 percent after power utility Eskom said the national grid would likely stay under pressure for up to three years, pointing to continued depressed economic growth. Government bonds halted a recent strong rally that had taken yields to 19-month lows, a move analysts said had been overdone.The rand plumbed a session low of 11.5600 to the dollar after Eskom said rolling ...
Egyptian pound steady on official market, stronger on black market CAIRO: The Egyptian pound was unchanged at a central bank dollar sale on Thursday, and strengthened on the black market.The bank offered $40 million at the sale and said it had sold $38.4 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchanged from its last sale on Wednesday.The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective ...
Nigeria naira down 1.2pc despite central bank dollar sale LAGOS: Nigeria's naira fell 1.2 percent to close at 185.60 to the greenback on Thursday, despite the central bank intervening with dollar sales to try to prop up the currency, dealers said.The unit opened at 183.40 naira to the greenback, the same level it closed at the previous day. But quickly weakened to an intraday low of 186.30 naira in thin trade, prompting the central bank to intervene, dealers said.The bank on Thursday asked 21 ...
Kenyan shilling edges down, shares in slight gains NAIROBI: The Kenyan shilling inched down on Thursday in anticipation of increased demand for dollars from importers in the run-up to the end of the month when demand peaks.Shares eked out meagre gains.At the 1300 GMT close of trade, commercial banks quoted the shilling at 91.45/55 to the dollar, marginally down from Wednesday's close of 91.35/45."Demand is still heavy and the supply side is quite minimal," said Robert Gatobu, a trader at Bank of Africa. ...
South Africa's rand, bonds weaker as US rate hike bets fluctuate JOHANNESBURG: South Africa's rand surrendered early gains against the dollar on Thursday amid uncertainty about the timing of a U.S. interest rate hike.By 0639 GMT the rand had slipped 0.11 percent to 11.4575 against the greenback, after initially rallying to its firmest in four weeks following better-than-expected local retail sales numbers.A sharp decline in fourth-quarter consumer spending in the U.S. also boosted the local unit as the dollar stumbled, although the respite was short lived.The ...
Kenyan shilling steady, expected to weaken on importer demand  NAIROBI: The Kenyan shilling was steady on Thursday, but traders said it was expected to remain under pressure from importer demand for dollars and scarce inflows.At 0726 GMT, commercial banks quoted the shilling at 91.30/40 to the dollar, compared with Wednesday's close of 91.35/45."I think demand is still heavy and the supply side is quite minimal," said Robert Gatobu, a trader at Bank of Africa. "In my view, we should still expect the shilling to ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln