Nigeria’s Excess Crude Account hits $2.09

  Nigeria’s Excess Crude Account hit $2.09 billion as at Oct. 16, the National Economic Council (NEC) has said. Bauchi State Governor, Mohammed Abubakar, told newsmen after the NEC meeting in Abuja that the minister of Finance made the announcement while presenting updates on the Excess Crude Account, Stablisation Fund Account and Natural Resources Development…

Fed Govt to float N100b second tranche Sukuk bond

The Director-General, Debt Management Office (DMO), Ms Patience Oniha, yesterday expressed optimism that the second tranche of N100 billion sukuk bond would be floated before the end of the year. Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.…

AfDB showcases Africa’s investment opportunities to investors

The African Development Bank (AfDB) has presented Africa’s financial products and investment opportunities to Nordic investors to leverage more access to financing.The Bank made the presentation during a series of road shows it organised, which brought together more than 50 private sector companies, investors and government and public institutions in Norway, Sweden, Finland, and Denmark.…