The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months. A total of 71.5 billion euros ($99.30 billion) was set aside in 2013 by […]
Author: InvestAdvocate
Nigeria’s Seven Energy secures $255 mln from new backers
Nigeria’s Seven Energy said on Tuesday it had secured $255 million from new backers, including Singapore state investor Temasek, to help fund its plan to build up a gas business in the West African country. Seven Energy, an indigenous Nigerian company, plans to buy gas fields and related infrastructure and […]
Nigerian Inflation Accelerates in March as Food Prices Rose
Nigerian inflation accelerated in March, remaining within the central bank’s target range, as prices jumped for some foods such as fish and dairy. The consumer inflation rate rose to an annual 7.8 percent from 7.7 percent in February, the country’s National Bureau of Statistics said today in an e-mailed statement. […]
