By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mozambique is still amongst the world’s poorest countries, David Lipton; First Deputy Managing Director (DMD) of the International Monetary Fund (IMF) said this on Monday at Universidade Politécnica, Maputo, while delivering a topic “New Opportunities and New Risks: Prospects for Sub-Saharan Africa and Mozambiqueâ€ÂÂ. “Mozambique […]
Author: InvestAdvocate
Bond Yields Widen as Oil Prices Decline
Yields on the federal government’s bonds increased in April as a result of the relative decline in oil prices as well as a negative shift in global sentiment during the month. Data compiled by THISDAY showed that yields on all the seven actively traded FGN bonds increased during the month.While […]
Banks disposed to lending to oil companies
The Group Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said banks in the country are more favourably disposed to lending to oil producing companies at the point when oil reserves have been confirmed. A statement by the bank on Friday quoted Durosinmi-Etti as saying, “Oil exploration […]
