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Standard Chartered, GTBank, 10 Other Banks Loan Dangote $3.3 billion on Refinery

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Standard Chartered Bank, Guaranty Trust Bank Plc (GTBank), and 10 other banks Wednesday signed off a loan deal of $3.3 billion for the proposed construction of the biggest Petroleum Oil Refinery & Petrochemical Plants in Nigeria. According to information obtained by Investdvocate, the plants, which […]

Investors pull $7.7 billion from Pimco Total Return in August: Morningstar

The Pimco Total Return Fund, the world’s largest bond fund, had $7.7 billion in net cash outflows in August, marking the fourth straight month of withdrawals from the fund, estimated data from Morningstar showed Wednesday. Outflows from the fund, which is run by Pimco founder and co-chief investment officer Bill […]

American Finance Institute to Collaborate with NAICOM

The New York, America-based, Institute of Finance has indicated its readiness to partner the Nigerian insurance regulator, National Insurance Commission (NAICOM) in the area of training and human capacity development. The institute disclosed this intention when the Managing Director, Mr. Patrick Fitzgerald, and Registrar, Mr. Currie Marcia, came on a […]