The International Finance Corporation, a private sector arm of the World Bank, has granted Diamond Bank Plc a $70m loan . Shares in the bank rose by 1.4 per cent to an 11-week high, bucking the trend on a weak bourse, to value the bank at around N41bn ($254m). The […]
Author: InvestAdvocate
IFC lends $1bn to Nigeria’s financial, real sectors
The International Finance Corporation, an arm of the World Bank, has so far given a total of $1bn in loans to Nigerian companies in the financial and real sectors. Disclosing this on Wednesday in Lagos, IFC’s Country Manager, Nigeria, Mr. Solomon Adegbie-Quaynor, said 70 per cent of the money was […]
WDAS: CBN sold $10.18bn in first-half 2012 – Report
The Central Bank of Nigeria sold a total of $10.18bn at the Wholesale Dutch Auction System in the first half of this year, a report has revealed. The report, which was presented by the Executive Secretary and Chief Executive Officer, Financial Market Dealers Association, Mr. Wale Abe, at a round-table […]
