January 13, 2016/Punch Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the currency exchanged for 300 against the United States dollar in Kano, 290 in Lagos and 292 in Abuja. Financial experts said […]
Tag: InvestAdvocate
Nigeria’s “bad bank” AMCON seeks bids for stake in Peugeot plant
January 12, 2016/Reuters Nigeria’s state-backed AMCON “bad bank” said on Tuesday it plans to sell its majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the major French automaker, and is seeking bids from investors. Peugeot Citroen is the technical partner to the Nigerian assembly plant, […]
United Capital Plc closes US$250 million pre-payment facility deal with Orion Oil
January 8, 2016/United Capital Plc United Capital Plc has made one of the largest transactions structured by an African bank in 2015. Last December, the investment bank achieved a US$250 million Tranche One Crude pre-payment facility for the Democratic Republic of Congo-based Orion Oil. The facility will run for a […]
