Nov 17, 2014/NSE According to the Company, the transaction, comprising the sale of shares and the repayment of loans is structured in two tranches – with first tranche payable during first quarter 2015 and the second tranche due no later than 29th February, 2016 – and will generate a total […]
Capital Market
Carlyle Invests $147 Million in Diamond Bank
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Global Alternative Asset Manager, The Carlyle Group has invested $147 million through its Carlyle Sub-Saharan Africa Fund in Diamond Bank Plc, the Nigerian lender said on Monday in a statement. Diamond Bank affirmed the investment was made possible through purchase by the company of […]
UPDATE 1-Nigeria’s overnight lending rate halves to 9.75 percent
Fri Nov 21, 2014/Reuters Nigeria’s overnight lending rate fell to 9.75 percent on Friday, from 18 percent at the previous close, after government monthly budget disbursals flowed into the banking system, dealers said. Liquidity had dried up after pension funds snapped up bonds before an expected central bank ruling on […]
