Author: InvestAdvocate

FG sold N781.25bn bonds in 2012

The Federal Government of Nigeria through the Debt Management Office sold a total of N815.15bn worth of FGN bonds in 2012, which is 5.57 per cent lower than the N863.27bn sold in 2011. Information obtained by our correspondent from the DMO website showed that the subscription level at the end […]

MF Global customers to get most of their money back: Freeh

Former customers of Jon Corzine’s collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company. In a court filing late on Friday, trustee Louis Freeh, the former FBI chief, outlined an amended version of a […]

Barclays finance director Lucas, top counsel to retire

Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it. Lucas, aged 52, has been finance director for a tough six years that spanned […]