The Committee’s Decisions The Committee considered and acknowledged the merits of option 1 but rejected it as being premature in view of the potential risk factors in the horizon posed by recent developments which would necessitate increased fiscal expenditure in the short-to-medium term, resulting in a resurgence of inflationary pressures. […]
Author: InvestAdvocate
Etisalat Nigeria Signs $1.2 Billion Loan for Network Expansion
Emirates Telecommunications Corp. (ETISALAT), the largest publicly traded company in the United Arab Emirates (ADSMI), said its Nigerian unit secured a $1.2 billion loan to refinance existing debt and grow its network. “The company plans to use the proceeds to refinance the existing commercial medium term debt of $650 million […]
Transcorp of Nigeria Falls Most in a Month as Profit Slumps
Transnational Corp. of Nigeria Plc, which invests in hotels, agriculture and energy, fell the most in more than a month after profit for 2012 retreated 58 percent. The stock declined for a second day, losing 7 percent to 1.20 naira by 2:20 p.m. in Lagos, Nigeria’s commercial capital, the biggest […]
