World News

[UPDATED] P’Harcourt refinery to commence operations in July – NNPC

June 11, 2015/NAN Source: Punch The Port Harcourt Refining Company Limited will start refining crude oil and will contribute to petroleum product availability by the end of this month, the Nigerian National Petroleum Corporation has said. It also assured that on or before the end of this week, the scarcity […]

Nigeria Plans to Issue N70 Billion Bonds June 17

  By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Debt Management Office (DMO) said on Wednesday it plans to raise N70 billion worth of Treasury bonds with maturities ranging between five-year and 20-year at an auction on June 17. The DMO said it will issue a five-year bond to raise N40 billion, a 10-year […]

HSBC to shed up to 50,000 jobs, slash investment bank

Tue Jun 9, 2015/Reuters HSBC (HSBA.L) will shed almost 50,000 jobs and take an ax to its investment bank, cutting the assets of Europe’s biggest lender by a quarter in a bid to simplify and improve its sluggish performance. The bank said on Tuesday about half the staff cuts will […]