The World Bank on Tuesday began a review of its investments and activities worth $5.4bn in Nigeria. The investments are in 26 projects and involve 200 entities across the country. Speaking at the beginning of the review in Minna, Niger State, the World Bank Country Director in Nigeria, Ms. Marie-Francoise […]
Author: InvestAdvocate
Nigeria’s Central Bank Retains Rate at 12%
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. […]
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 […]
