First City Monument Bank Limited (FCMB) has signed a $150 million senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank, acting as Initial Mandated Lead Arrangers and Bookrunners. The transaction marks FCMB’s debut facility in the syndicated loan market. The facility, which was pre-funded by Commerzbank AG […]
Author: InvestAdvocate
Nigeria’s NNPC hasn’t accounted for $50 bln in oil sales – cbank
* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
Investors approve FBN Heritage Fund’s dividend payment
Unit holders of FBN Heritage Fund on Tuesday approved a dividend payment of N10 per unit holding by the Fund for the year ended March 31, 2013. The unit holders gave the approval at the fifth Annual General Meeting of the FBN Heritage Fund in Lagos. The payment marks […]
