Nigeria will make a second $1 billion withdrawal from its Excess Crude Account (ECA) by next month to distribute to its three tiers of government for projects, reducing its oil savings to $6.82 billion, the state minister for finance said on Thursday. The figure compares with $9 billion that the […]
Tag: Nigeria
Nigeria’s Zenith Bank in $850 mln London listing
* Listing to aid Zenith raise equity in future – CEO * Joins three other Nigerian lenders in London * To grow from financing infrastructure, power sectors Nigeria’s Zenith Bank listed $850 million worth of its ordinary shares on the London Stock Exchange as global depository receipts (GDRs) at $6.80 […]
Standard Chartered to increase investment in Nigeria, others
Standard Chartered Bank has announced plans to increase its investment in Nigeria and some other countries in Africa. The bank said that the growth opportunities on the continent, especially Nigeria, were enormous. It said it was, therefore, important for the country to focus on its strengths to boost investment. A […]
