Expectations that the Federal Reserve will this week emphasize plans to keep U.S. interest rates near zero left the dollar at a five-week low on Monday, while concerns about China’s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. […]
Author: InvestAdvocate
ARM rates Sterling Bank’s rights issue
Asset & Resource Management Company, an investment services company, has said the ongoing rights issue of Sterling Bank Plc provides investors with a highly attractive opportunity. According to an ARM rating explanatory note, the right issue’s price places a “buy†on the stock at the given the intrinsic potential of […]
Bondholders endorse Kaduna’s N8.5bn restructuring
Bondholders in the Kaduna State N8.5bn 12.5 per cent coupon bond have approved plans to restructure it from bullet repayment to amoritising repayment of principal. They unanimously gave the approval at a bondholders’ sensitisation meeting held in Lagos on Friday, following a proposal by the Kaduna State Government, which is […]
