December 12, 2016/Reuters Zambia should delay its planned re-financing of $2.8 billion worth of Eurobonds until financing conditions ease, an International Monetary Fund representative said on Monday. “We would caution the government not to tap into the international markets at this time,” the IMF’s resident representative, Alfredo Baldini, told reporters […]
Updates
Oil surges after output cuts, strong dollar weighs
December 12, 2016/Reuters By Saikat Chatterjee | HONG KONG Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting […]
NDIC, CBN consider another bad bank to acquire banks’ NPLs
December 12, 2016/Vanguard By Babajide Komolafe Nigeria Deposit Insurance Corporation (NDIC and the Central Bank of Nigeria (CBN) have set up a joint committee to explore the establishment of another Asset Management Company (AMCON2) to acquire non- performing loans (NPLs) of banks. Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim disclosed […]
