By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday said Spanish Banks will face profitability challenges in the coming years as lending and home prices continues to slide further. This is coming on the heels of a fifth and final review of the country’s financial sector by the […]
Tag: Banks
IMF Advise Euro Zone to Restore Weak Banks
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday advised the Euro Zone to restore weak banks by resolving the problem of bad loans on their books and make sure they hold sufficient capital to operate. This is contained in a speech ’’Outlook for Europe: Boosting Growth […]
Nigeria’s Oando delays deal for ConocoPhillips’ assets
Nigeria’s Oando said on Monday that it has delayed the completion of its $1.79 billion deal to buy Conocophillips’ Nigerian assets by two months to January. Oando has been aggressively seeking equity and bank loan funding to secure funds for the deal’s completion. Source: Reuters
