Nigeria’s naira firmed against the dollar on the interbank market on Monday after the central bank said it will sell dollars on forward delivery from Monday in its bid to shore up the domestic currency’s value. The naira strengthened 0.69 percent to 163.70 to the dollar, up from its 164.85 […]
Author: InvestAdvocate
African tower firm IHS raises $490 mln to fund expansion
* IHS raises $420 mln in equity * Goldman Sachs among new investors in firm * Also raises $70 mln in debt from Standard Chartered African phone tower group IHS has raised $420 million in equity and $70 million in debt to fund its expansion across the continent, the […]
Abbey Building Changes to Abbey Mortgage Bank
By InvestAdvocate Lagos (INVESTADVOCATE)-Third listed primary mortgage institution (PMI) Abbey Building Society Plc has changed its name to Abbey Mortgage Bank Plc. The mortgage company announced this in a notice to the Nigerian stock exchange (NSE). The company with effect from February 28, 2014 changes its name on the daily […]
