The House of Representatives on Wednesday warned the Securities and Exchange Commission on the consequences of flouting the 2013 Appropriation Act which bars the agency from spending any fund this year. The National Assembly gave zero allocation to SEC in the N4.9tr 2013 budget it was passed on December 20, […]
Tag: InvestAdvocate
New IMF Resident Representative to Jamaica Begins Duty
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The new International Monetary Fund (IMF) Resident Representative to Jamaica Bert van Selm has started duty in Kingston at the end of July. According to the IMF, van Selm has been with the Fund since 2000, and has worked on country teams in […]
Fitch Rates First Bank of Nigeria’s Tier 2 Note Issue
Fitch Ratings has assigned First Bank of Nigeria Ltd’s (FBN; B+/Stable) USD300m 8.25% subordinated debt (Tier 2 notes) due August 2020 a final rating of ‘B-‘. The notes will be callable in August 2018, at which point the interest rate will reset to the sum of 6.875% plus the prevailing […]
