IFC, a member of the World Bank Group, will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) next month to increase foreign investment in China and support the internationalization of the Chinese currency. The issuance marks the largest on the London Stock Exchange by a multilateral institution. […]
Author: InvestAdvocate
NSIA to invest N1.6bn in mortgage refinancing company
The Nigeria Sovereign Investment Authority on Wednesday said it would invest the sum of $10m (N1.6bn) from the Sovereign Wealth Fund being managed by it in the Nigerian Mortgage Refinancing Company. The Managing Director/Chief Executive, NSIA, Mr. Uche Orji, disclosed this while briefing journalists in Abuja on the progress so […]
CBN’ll devalue naira in 18 months – Report
The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based Financial Derivatives Company Limited has indicated. The Managing Director, FDC, Mr. Bismarck Rewane, in the latest edition of its bi-monthly Business and Economic Update, noted that the nation’s external reserves […]
