Tag: foreign

Nigeria’s Senate passes record N10.59tn 2020 budget

Nigeria’s Senate has passed the record N10.59 trillion 2020 budget. The budget passed by Nigeria's parliament assumes a deficit of 1.52 per cent of the estimated Gross domestic product (GDP) – representing about N2.18 trillion to be financed through foreign and domestic borrowing. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to unpack the budget.

South Africa's net foreign reserves rise in January

Gross reserves fell to $46.666 billion from $47.356 billion, the central bank data showed.