February 4, 2016/Fitch Ratings statement Fitch Ratings-London-04 February 2016: The Nigerian authorities’ recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to blunt the effects of declining oil receipts, Fitch Ratings says. It is yet […]
Tag: Eurobond
Nigeria, Angola seek World Bank help as oil revenues slide
Tue Feb 2, 2016/Reuters By Alexis Akwagyiram and Herculano Coroado Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank […]
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 […]
