THE Central Bank of Nigeria (CBN) has delisted Express Discount Limited (EDL) from the league of discount houses in the country, in exercise of powers conferred on it by Section 2, paragraph D, of CBN Act 2007. The move, which was predicated on two reasons of low capital adequacy and […]
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Bondholders endorse Kaduna’s N8.5bn restructuring
Bondholders in the Kaduna State N8.5bn 12.5 per cent coupon bond have approved plans to restructure it from bullet repayment to amoritising repayment of principal. They unanimously gave the approval at a bondholders’ sensitisation meeting held in Lagos on Friday, following a proposal by the Kaduna State Government, which is […]
UK visa: Nigerians begin payment of £3,000 bond Nov
OUTCRY against its £3,000 tourists visa bond notwithstanding, Britain will commence the scheme in the six listed Commonwealth countries in November, Financial Times report quoted the Home Office as saying. The Commonwealth countries to be affected by the policy which was announced in June are Nigeria, India, Kenya, Sri Lanka, […]
