IFC, a member of the World Bank Group, will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) next month to increase foreign investment in China and support the internationalization of the Chinese currency. The issuance marks the largest on the London Stock Exchange by a multilateral institution. […]
Capital Market
NSIA to invest N1.6bn in mortgage refinancing company
The Nigeria Sovereign Investment Authority on Wednesday said it would invest the sum of $10m (N1.6bn) from the Sovereign Wealth Fund being managed by it in the Nigerian Mortgage Refinancing Company. The Managing Director/Chief Executive, NSIA, Mr. Uche Orji, disclosed this while briefing journalists in Abuja on the progress so […]
Nestle Nigeria Dividend Up 30%, offers 24.00 Naira
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Beverage maker Nestle Nigeria Plc has increased its dividend payment by 30 percent in its 2013 audited year end and will pay 24.00 naira compared to 18.50 paid in 2012 end. From the company’s result released Wednesday to the Nigerian stock exchange (NSE) and made […]
