Updates

Nigeria to finish Eurobond sale by end Q1, make currency more flexible: vice president

November 30, 2016/Reuters By Felix Onuah Nigeria hopes to conclude the sale of a $1 billion Eurobond by the end of the first quarter of 2017 and will seek to make its foreign exchange market more flexible, vice president Yemi Osinbajo said on Tuesday. Nigeria is in its deepest recession […]

OPEC begins debate on oil cuts amid deep disagreement

November 30, 2016/Reuters By Rania El Gamal and Alex Lawler VIENNA (Reuters) – OPEC began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Ministers from the Organization […]

Law Union & Rock offers 23% equity to new strategic investors

The Nation By Taofeek Salako Law Union & Rock Insurance Plc plans to raise about N722 million in new equity funds from strategic investors in the latest round of capital raising by insurance companies. A regulatory document on the proposed capital raising showed that Law Union & Rock Insurance would […]