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Egypt To Increase Maximum Issuance Of Dollar Bonds To $7 Billion

Egypt will increase the maximum amount of dollar bonds it can issue on international markets to $7 billion, a cabinet statement said. The present $5 billion cap will be lifted by up to $2 billion, the statement said. It said the Ministry of Finance was seeking to obtain additional financing in the face of a rise […]

Africa’s Growth To Slow To 2.6% In 2017 On Weak Recovery Concerns In Nigeria, S’Africa, Angola

The Economic growth in Sub-Saharan Africa was beginning to rebound in 2017 after registering the worst decline in more than two decades in 2016, though the region remains fragile, World Bank said on Wednesday. But amid these recovery signs, the World bank has cut the region’s growth forecast to 2.6 percent in 2017, lower than the […]

AFC Issues $500 Million 7-year Eurobond At 4%

AFC Issues $500 Million 7-year Eurobond At 4%

AFC has been committed for the last ten years to investing in projects that drive sustainable growth and development in Africa. Africa Finance Corporation , a leading pan-African multilateral development finance institution and project developer, has issued a US$500 million 7 year Eurobond. The senior, unsecured Eurobond which carries a coupon of 3.875% was priced […]

Governor Of Ghana’s Central Bank Resigns

Governor Of Ghana’s Central Bank Resigns

The Governor of Ghana’s Central Bank, Abdul-Nashiru Issahaku has resigned, sources who asked to be anonymous have revealed. According to sources within the central bank, the governor who officially started his four-year term around September last year tendered his resignation on Wednesday citing personal reasons. Although the governors of the central bank have been insulated […]

Nigeria And S’Africa Need To Work On Stability, African Development Bank Warns

Nigeria And S’Africa Need To Work On Stability, African Development Bank Warns

Nigeria and South Africa, the continent’s two largest economies, need to work on their political stability if they are to take advantage of the current upturn in emerging markets, vice-president of agriculture, human and social development at the African Development Bank Jennifer Blanke said. There is potential for an agricultural boom in Africa but according […]

Banks Must Ensure Honesty Is Best Policy

Banks Must Ensure Honesty Is Best Policy

Liying In Business Undermines Capitalism Fake news has become a horrible euphemism for lying. But call it what you will, the dissemination of untruths has become dangerously entrenched in the modern world. If political lies threaten democracy, business lies undermine capitalism. Consider the damage to carmaker Volkswagen after its faked emissions testing scandal or to retailer […]

Transcorp MD Predicts Stock Market Rebound

Mr Emmanuel Nnorom, the Chief Executive of Transcorp, says the capital market will soon rebound with the current positive developments in the foreign exchange market. Nnorom said on Monday in Lagos that the capital market would soon overcome the current lull with foreign exchange rate stability and improvement in various sectors of the economy. He […]

Women Arrested For Selling Naira Notes

Six women were arrested by the police in conjunction with the Central Bank of Nigeria (CBN), for allegedly selling mint naira notes in Lagos. The women were allegedly selling the notes to people going to parties to ‘spray’ against CBN Act in 2007. The suspects-Fausat Jimoh, Bisoye Oyegbile, Balikis Ajadi, Bisola Amoru, Abidemi Oladejo and […]

Customers Complain Over Failed PoS – Zenith Bank

Customers Complain Over Failed PoS – Zenith Bank

Lawal Abimbola Idris: Too bad from you, I used your ATM in Festac on 29th of January but no amount was dispensed but I was debited for the sum of N20, 000 from my account. When I got to the branch in Festac I was told my details have been sent to head office. Till […]

Stock Exchange Lists Nigeria’s $1b Eurobond

Stock Exchange Lists Nigeria’s $1b Eurobond

The Nigerian capital market recorded a milestone yesterday with the listing of the $1 billion Eurobond issued by the Federal Government on the Nigerian Stock Exchange (NSE). The $1 billion FGN Eurobond issued under Nigeria’s newly established Global Medium Term Note programme is the first foreign currency denominated security to be listed and traded in […]

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