Barely three weeks after climbing to the $47bn mark, the nation’s external reserves have dropped to the $46bn threshold again, according to the latest data on the Central Bank of Nigeria’s website. The foreign reserves had dropped by $1.8bn within the space of three months, from the peak of $48.85bn […]
World News
IFC wins approval for $1 billion Ghana local bond programme
The International Finance Corporation has secured approval to regularly issue local currency bonds in Ghana worth up to $1 billion to bolster the West African country’s domestic bond market, it said on Wednesday. IFC, the World Bank’s private sector arm, said Ghana’s Securities and Exchange Commission and the Ghana Stock […]
Nigeria’s Wema Bank CFO Planning to Raise $200 Million for Loans
Wema Bank Plc (WEMABANK) the Nigerian lender which raised 40 billion naira ($247.4 million) for expansion across the country, said it’s seeking an additional $200 million over the next two years to fund its loan book. “The sum of $100 million is planned to be raised in the first quarter […]
