The Debt Management Office on Wednesday sold N21.05bn ($131.56m) worth of bonds with maturities ranging from five years to 20 years and all with higher yields at a Wednesday auction. Data from the DMO showed that all notes were re-opening of previously issued bonds, and the DMO sold only a […]
World News
UBA Reports 19% Revenue Growth in African Operations
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The United Bank for Africa Plc (UBA) Thursday said it has recorded 19 percent (19%) growth in its African operations. This is contained in a Statement by Charles Aigbe, Divisional Head, Marketing & Corporate Relations Directorate of the Bank and made available to InvestAdvocate in Lagos Nigeria. […]
Zimbabwe’s External Debt High-Lagarde
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Thursday said Zimbabwe’s external debt is high and largely in arrears. Lagarde made this affirmation at the approval of a Staff-Monitored Program (SMP) for Zimbabwe, covering the period April-December 2013. “Zimbabwe’s external debt is […]
