March 20, 2017/AMCON The Asset Management Corporation of Nigeria (“AMCON” or the “Corporation”) is pleased to announce Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium) as the new investors in relation to the acquisition of the entire issued and fully paid up ordinary […]
Money Market
Nigeria’s Cenbank to sell $100 mln forward at auction
March 20, 2017/Reuters Nigeria’s central bank plans to offer $100 million in currency forwards on Monday to be delivered within the next 60 days, traders say. The bank has consistently been selling foreign exchange to importers since February in a move to increase dollar supply in the market and narrow […]
Kenya says has drawn down $800 mln syndicated loan
March 20, 2017/Reuters Kenya has signed an $800 million syndicated loan with four international lenders and the government has already drawn down the sum, a senior Treasury official said on Monday President Uhuru Kenyatta, who faces re-election in August, has raised borrowing since taking power in April 2013. Last week, […]
