Ecobank Transnational Inc. (ETI)’s unit in Nigeria sold $200 million of dated subordinated notes due in 2021 to join lenders in Africa’s largest economy raising funds through debt sales. The issuance has a yield of 9 percent and a coupon of 8.75 percent, according to information from a person with […]

Nigeria’s Union Bank aims to boost its loan portfolio by 30 percent in the second half of 2014, after increasing it by 10 percent in the first six months, targeting retail and business customers, its chief finance officer said. “In the second half we would do 30 percent (in loans). […]

India’s central bank governor, renowned for forecasting the 2008 financial meltdown, has warned that the world economy faces risk of another market crash as asset prices surge. Increasing global financial instability stems from investors chasing ever higher yields, Raghuram Rajan, a former International Monetary Fund (IMF) chief economist, told the […]