Wed Apr 27, 2016/Reuters Nigeria’s biggest banking group FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 mln) loan loss provision last year but will keep loan growth flat to boost capital, its CEO said on Wednesday. CEO Urum Kalu Eke said the […]
Tag: Reuters
World Bank and Nigerian president discuss economic crisis, Abacha loot
Wed Apr 27, 2016/Reuters By Felix Onua The World Bank’s managing director and Nigeria’s president on Wednesday discussed how the multilateral lender could help Nigeria overcome its economic crisis and repatriate more than $300 million stolen by a former military ruler. On her second day of meetings with Nigerian officials, […]
Nigeria to meet repayment to bondholders for cash-strapped states
25/4/2016/Reuters The Nigerian government will allow cash-strapped states to defer deductions for loans in March so that they will have sufficient funds to pay salaries, the finance ministry said on Monday. The government will instead make loan repayments to bondholders on the states’ behalf, the ministry said. Deductions of 10.9 […]
