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 […]
World News
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 […]
Nigeria’s Inflation Rises By 8.7% in July 2013
In July, the Consumer Price Index (CPI) which measures inflation rose by 8.7 per cent (year-on-year). This was 0.3 percentage points higher than the 8.4 per cent rate recorded in June. While changes in the headline index have remained in single digits for the seventh consecutive month, prices edged higher […]
