Nigeria’s central bank injects $195m into forex market

Nigerian Naira, Federal government

Nigeria’s central bank said it had injected $287.89 million into currency market on Friday to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages. The four industries targeted are agriculture, airlines, petroleum and raw materials, the Central Bank of Nigeria said in a statement. The central bank said it […]

Purple Capital, Nigeria’s upmarket developer gets $12.5m funding for real estate development

Nigeria’s Purple Capital, developer of the iconic 6,000m² Maryland Mall, a neighbourhood shopping centre in the Ikeja district of Lagos, Tuesday received $12.5 million of funding from Vantage Capital, Africa’s largest mezzanine fund manager. Purple Capital, headquartered in Lagos, has a reputation for building a high-quality property portfolio, including upmarket residential estates in the Lekki […]

Egypt sells $1.728bn in one-year dollar-denominated T-bonds auction

Egypt has sold 1.728 billion dollars in one-year dollar-denominated treasury bonds to local and foreign financial institutions in an auction, the Central Bank said Monday. The average yield for the bills, which mature on Nov. 20, 2018, was 3.496 percent. Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency […]

Israel set to send tax bills to Facebook, Google

Israel is planning to send tax bills within a year to internet companies, Google and Facebook, financial Media reported on Wednesday. Isreal is joining efforts by several countries, including the European Union, to get the internet giants to pay more tax. TheMarker quoted Moshe Asher, the Chairman of Israel’s Tax Authority, as saying work on […]