15/12/2016/Bloomberg by Andrew Mayeda Development lender will issue about $25 billion in debt 47 nations to contribute another third of the total funding The World Bank pledged $75 billion over three years to the world’s poorest countries as part of a refinancing plan that will see it issue about $25 […]
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Nigeria flags oil output rise ahead of debt deal with majors
15/12/2016/Reuters By Ulf Laessing and Paul Carsten ABUJA (Reuters) – Nigeria’s oil production has risen to close to 1.8 million barrels per day (bpd), oil minister Emmanuel Ibe Kachikwu said ahead of the expected signing of a deal over repayments of $5.1 billion in debt from joint venture projects. Kachikwu […]
Nigeria cuts size of domestic bond auction as yields rise
15/12/2016/Reuters Nigeria sold far fewer bonds than it offered on Wednesday, as investors worried about rising inflation demanded higher yields from a government looking to spend its way out of recession. Africa’s largest economy raised 69.2 billion naira ($227 mln) in bonds maturing in five, 10 and 20 years’ time, […]
