Nigeria seeks cheap loans from international agencies – finance minister

Fri Feb 5, 2016/Reuters Oil producer Nigeria wants to tap financing at “concessionary rates” as low as 1.5 percent from international agencies to fund infrastructure projects before returning to the eurobond market, its finance minister said on Friday. Tumbling oil prices have hit Nigeria’s finances hard, and yields on the […]

NSE Releases Interpretative Guidance on Index Circuit Breakers’ Rule

February 5, 2016/NSE The Nigerian Stock Exchange (“The Exchange” or “the NSE”) today announced that it has released its Interpretative Guidance on the Circuit Breakers’ Rule, Rule 15.46 of the Rulebook of The Exchange, 2015. The Rule became effective on January 15, 2016. The Exchange also notified the market of […]

IMF Says Ready to Lend Nigeria, Azerbaijan

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, the managing director (MD) of the International Monetary Fund (IMF) on Thursday said the global lender is ready to loan Nigeria and Azerbaijan if the request is made. “The IMF remains available to all its members; so the moment we are asked to […]