Nigeria has put $300 million worth of World Bank aid money into a mortgage-backed guarantee that it hopes will boost lending via the creation of a secondary market, the finance ministry said on Wednesday. Africa’s most populous country and second biggest economy suffers a woeful housing shortage, with somewhere between […]
Tag: $300 million
Nigerian President Wants Diaspora Bond Tripled to $300 Million
Nigerian President Goodluck Jonathan asked lawmakers to raise the ceiling for the country’s diaspora bond to $300 million from $100 million because he anticipates higher subscriber interest than initially thought. “There is an indication that the $100 million could be inadequate relative to the demand expected from investors for the […]
Transcorp Pays $300 million for Ughelli Power Plant
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Transnational Corporation of Nigeria Plc (Transcorp) Thursday announced it has completed full payment of Ughelli Power Limited (TUPL), its subsidiary. This is contained in a notice to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to InvestAdvocate. To complete the payment, the […]
