First City Monument Bank Limited has announced the signing of a $150m senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank acting as initial mandated lead arrangers and book-runners. A statement by the bank on Wednesday stated that the agreement represented its largest fundraising to date in […]
Author: InvestAdvocate
Lemo retires as CBN deputy governor on Friday
The Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, will this Friday retire from the bank. Lemo is believed to be among the top contenders to replace the CBN Governor, Mr. Lamido Sanusi, whose tenure ends in June. Apart from Lemo, others said to be jostling for the […]
Mortgage refinances bounce back as rates settle
A sharp surge in interest rates caused mortgage refinances to plummet two weeks ago, but they are now finding their footing again. Applications to refinance rose 5 percent last week after falling 9 percent the previous week, according to a seasonally adjusted measure by the Mortgage Bankers Association. They are […]
