Nigerian states clamoring to sell bonds before next year’s election are seeing their plans threatened as regulators in Africa’s second-biggest economy tighten the requirements for issuing debt. Federal officials will prove less willing to approve sales as the February 2015 vote approaches, Arunma Oteh, director general of the Nigerian Securities […]
Author: InvestAdvocate
Mobius Prefers Nigerian Banks to South African Peers on Value
Mark Mobius, chairman of Templeton Emerging Markets Group, is picking Nigerian bank stocks ahead of South African peers as Johannesburg-based lenders battle rising bad-debt charges while trading at higher valuations. “The banks up north are cheaper,” Mobius said in an interview in Johannesburg yesterday, referring to Lagos-based lenders. “The big […]
Consumer Spending Propelled U.S. Fourth-Quarter Growth: Economy
Consumer spending that rose at the fastest pace in three years helped the U.S. economy grow at a 3.2 percent pace in the fourth quarter, overcoming government cutbacks and laying the foundation for a stronger expansion. The rate of growth in the world’s largest economy followed a 4.1 percent advance […]
