Seven Energy International Limited and its wholly-owned subsidiary, Accugas Limited, has closed a $170m 5.5-year medium-term acquisition finance facility with FBN Bank (United Kingdom) Limited and Ecobank Nigeria Limited. A statement by the bank said FBN Capital Limited acted as the structuring bank, sole initial mandated lead arranger, financial modelling […]
Author: InvestAdvocate
NDIC decries loss of depositors’ funds
The Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation, Mr. Umaru Ibrahim, has decried losses suffered by many bank depositors who placed their funds in illegal and unlicensed institutions not insured by the NDIC. He stated that the depositors incurred the losses because of lack of basic knowledge of financial […]
Reps to pass N4.6tn budget today
Barring a last minute change in plans, the House of Representatives is set to pass the 2014 budget of N4.6tn today (Tuesday). The Joint Committee on Appropriations/Finance is expected to brief the House on the budget today; following which lawmakers will consider its report and pass the budget in the […]
