By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Mozambique is still amongst the world’s poorest countries, David Lipton; First Deputy Managing Director (DMD) of the International Monetary Fund (IMF) said this on Monday at Universidade Politécnica, Maputo, while delivering a topic “New Opportunities and New Risks: Prospects for Sub-Saharan Africa and Mozambiqueâ€ÂÂ. “Mozambique […]
World News
Banks disposed to lending to oil companies
The Group Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said banks in the country are more favourably disposed to lending to oil producing companies at the point when oil reserves have been confirmed. A statement by the bank on Friday quoted Durosinmi-Etti as saying, “Oil exploration […]
Fidelity Bank issues $300m five-year Eurobond
Fidelity Bank Plc has issued a $300m five-year Eurobond paying a 6.875 per cent coupon and priced at a discount to give a seven per cent yield. Reuters quoted a senior official of Fidelity Bank, who declined to be named, as saying that the bond sale was completed on Thursday. […]
