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 […]
Author: InvestAdvocate
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 […]
Nigeria’s Okonjo-Iweala Says Bank Rate Cut Would Boost Economy
Nigeria’s economy would benefit from interest-rate easing even though it’s likely that the central bank will keep the key indicator unchanged tomorrow, Finance Minister Ngozi Okonjo-Iweala said. “We would be very grateful if we saw an easing of the interest rate, a little bit, in order to also help more […]
