Tag: Reuters

Dangote Seals $2 Billion Loan Deal with Chinese Bank for 2 Cement Plants-Reuters

  By InvestAdvocate Lagos (INVESTADVOCATE)- Africa’s richest man, Aliko Dangote said on Tuesday Dangote Group has signed a $2 billion loan deal with  the Industrial Commercial Bank of China Ltd for two (2) cement plants, according to a Reuters report. “The interest rate is okay, quite favorable with me,” Dangote […]

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

Mon Apr 11, 2016/Reuters By Suzanne Barlyn Goldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday. The settlement, which Goldman disclosed in January, stems from the firm’s […]

Nigeria’s president receives breakdown of long-awaited budget

Thu Apr 7, 2016/Reuters By Camillus Eboh Nigeria’s President Muhammadu Buhari has received details of the long-awaited 2016 budget bill which he wanted to check before signing into law, his assistant said on Thursday, as lawmakers blamed delays on “sloppy” work by government officials. Buhari withdrew his original budget bill […]