Nigeria’s Osun State has begun offering the country’s first Islamic bond, taking a major step towards developing an Islamic finance industry in Africa’s most populous nation, bankers said on Thursday. The issue makes Nigeria the first big economy in sub-Saharan Africa to market a sukuk, although Gambia has been selling […]
Author: InvestAdvocate
Nigeria central bank expects below-target inflation in 2014
Nigeria’s central bank expects inflation to remain below its single-digit target throughout 2014, as it has this year, Deputy Governor Kingsley Moghalu said on Thursday. He also said growth next year was projected at 7.6 percent, which compares with a rate this year of around 6.5 percent. He added that […]
JPMorgan makes deals to pay $920 million for Whale probes
JPMorgan Chase & Co the biggest U.S. bank, will pay approximately $920 million in penalties to regulators in two countries to settle some of its potential liabilities from its $6.2 billion London Whale derivatives loss last year, according to terms made public on Thursday. The penalties include $300 million to […]
