The Debt Management Office (DMO) is to raise between N200 billion ($1.26 billion) and N270 billion ($1.70 billion) from the sale of FGN bonds in the first quarter of 2014, according to its provisional calendar. The issuance shows an increase of N65 billion or 32.5 per cent and N35 billion […]
Author: InvestAdvocate
Shell warns of “significant” profit miss
Royal Dutch Shell (RDSa.L) warned on Friday that its fourth-quarter figures are expected to be significantly lower than recent levels of profitability because of oil and gas prices and problems with its refining business. The sharp cut in forecasts for earnings on a current cost of supplies basis (CCS), excluding […]
Nigerian president replaces military chiefs, loses ally in party crisis
* Military struggling to stem Islamist insurgency in north * President facing political crisis, mass defections * Nigeria to hold hotly contested elections next year * Jonathan critics fear he will break presidency rotation * Financial markets remain calm Nigerian President Goodluck Jonathan replaced his entire military leadership on […]
