The International Finance Corporation has agreed to provide Zenith Bank Plc a $100m loan facility to increase the bank’s lending to important economic sectors and facilitate economic growth and job creation in the country. Zenith Bank said in a statement that the IFC, a member of the World Bank Group, […]
Capital Market
Bearish Run Extends Fourth Day on Sell-Offs in Oil/Gas, Banking Stocks
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Bearish run on Tuesday extended on the Nigerian Stock Exchange (NSE) as sell-offs in the Oil/Gas and Banking sectors led the all- share index (ASI) to decline 0.55 percent and closing at 34,129.88 points, while market capitalisation dipped by N11.58 billion to close at […]
Africa’s Richest Man Courts Blackstone to Boost Nigerian Gas
April 28, 2015/Bloomberg Aliko Dangote, Africa’s richest man, plans to quadruple the supply of gas to Nigeria by building pipelines that may be backed by Carlyle Group LP and Blackstone Group LP, the world’s two biggest private-equity firms. Dangote, who has a net worth of $15 billion according to the […]
