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 […]
Author: InvestAdvocate
Fidelity Bank issues $300m five-year Eurobond
Fidelity Bank Plc has issued a $300m five-year Eurobond paying a 6.875 per cent coupon and priced at a discount to give a seven per cent yield. Reuters quoted a senior official of Fidelity Bank, who declined to be named, as saying that the bond sale was completed on Thursday. […]
Nigerian Stock Exchange Records N1.2bn
The recovery witnessed in the Nigerian stock market last year also impacted positively on the operations of the Nigerian Stock Exchange (NSE) as the exchange ended the 2012 financial year with an operating surplus of N1.2 billion. The surplus showed a jump of 347 per cent above the N258 million […]
