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Nigeria's naira bounces back after central bank intervention LAGOS: Nigeria's naira bounced back up to 164.40 to the dollar on Friday, after the central bank intervened with dollar sales to calm the market. The market had opened at 164.90, but then fell as low as 167 owing to continued uncertainty caused by President Goodluck Jonathan's suspension of the central bank governor on Thursday.Copyright Reuters, 2014 ...

Nigerian naira eases on lower dollar liquidity LAGOS: Nigeria's naira eased against the dollar on Wednesday owing to a shortage of the US currency on the interbank market amid a reduction in the central bank's supply at a forex auction, dealers said. The local unit closed at 164.05 naira to the dollar on Wednesday, down 0.85 percent from 162.65 naira the previous day. The central bank sold $400 million at its twice-weekly forex auction on Wednesday, down from $600 million it sold ...
Kenyan shilling firms, shares fall for fifth session NAIROBI: The Kenyan shilling firmed slightly on Wednesday thanks to commercial banks selling dollars to meet local currency-denominated tax payments, while shares fell for a fifth straight session.At close of trade at 1300 GMT, commercial banks quoted the shilling at 86.10/30 to the dollar, compared with Tuesday's close of 86.20/30."It's just mainly a bit of interbank selling to meet tax payments," a senior trader at one commercial bank said.Traders said earlier in the session the ...
Ugandan shilling steady, seen stronger on dollar inflows KAMPALA: The Ugandan shilling was steady on Wednesday and was expected to appreciate in the days ahead as the central bank mopped up liquidity and dollars flowed in from offshore investors buying debt. At 1036 GMT, commercial banks quoted the currency of east Africa's third-largest economy at 2,453/2,458, little changed from 2,452/2,457. "The repo that the central bank did today coupled with suppressed demand for dollars will give the shilling a bullish tone going forward," ...
Egyptian pound steady on official, black markets CAIRO: The Egyptian pound was unchanged at a central bank foreign currency sale on Wednesday and traded within its recent range on the black market. The central bank sold $39.6 million to banks with a cut-off price of 6.9512 pounds to the dollar, unchanged from the last auction on Monday. The bank had offered to sell $40 million. On the black market, the dollar was traded for 7.33/7.35 pounds on Wednesday, having stayed within a ...
South Africa's rand steady ahead of CPI data JOHANNESBURG: South Africa's rand was steady against the dollar on Wednesday amid hesitant trading before the release of January consumer inflation data.The rand was at 10.8750 to the dollar at 0614 GMT, in line with Tuesday's New York close, after retreating from a near one-month high of 10.8190 hit earlier in the week.Statistics South Africa will release January CPI data at 0800 GMT. Economists polled by Reuters expect inflation to accelerate to 5.7 percent year-on-year ...
South Africa's rand trades near multi week highs JOHANNESBURG: South Africa's rand was trading close to its highest level in nearly four weeks on Monday after extending gains made late last week as the dollar struggles and sentiment towards emerging markets improves. The rand was at 10.8580 to the dollar at 0654 GMT, in line with its New York close on Friday, the second consecutive session that ended above the key 11 mark. The dollar fell to six-week lows against a basket of ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln