Representatives of the communities hosting AshakaCem Plc, yesterday, walked out of the venue of the Annual General Meeting of the company to protest the planned merger of the cement company and Lafarge Wapco. The communities based their grudges on the failure of the company to commence work on the expansion […]
Author: InvestAdvocate
Access Bank Bolsters Growth with $400m Eurobond Issue
Access Bank Plc yesterday launched a highly successful $400 million seven-year Tier 2 capital issuance, which is callable at the end of five years. This transaction follows the bank’s highly successful $350 million five-year senior debt issued in 2012. The bank recently got shareholders’ approval to raise $1 billion capital […]
Interest rate cut not feasible now – Bankers’ Committee
The Bankers’ Committee on Tuesday said that it might be difficult for the Central Bank of Nigeria to achieve lower interest rates for the country owing to the current macroeconomic environment. The committee, at the end of its 316th meeting held at the headquarters of the CBN in Abuja, specifically […]