Yields on Nigeria’s 10-year debt dropped 18 basis points to 14.07 percent as selling pressure eased, a day after the suspension of the central bank governor caused a selloff in its bond, currency and stock markets. The 2022 benchmark debt, listed in the JP Morgan emerging government bond index and […]
Tag: debt
Flour Mills of Nigeria to invest over $1 bln to expand capacity
Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters on Friday. John Coumantaros said revenue for the manufacturer of products like pasta, flour, vegetable oil, livestock feed and also cement grew 11-15 […]
Costain West Africa Liquidates Debt to First Bank
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Construction giant, Costain (West Africa) Plc Tuesday announced it has liquidated its debt to First Bank of Nigeria Limited. This is contained in a notice from the company to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria. According to the […]
