COMPANIES & FINANCE

FBN Holdings’ Corporate Eurobonds is Best Performing Among Peers

Amongst Tier I bank dollar issuances, yields on FBNH’s 2020s and 2021s fell 361bps and 327bps to 10.56% and 11.16% respectively, outperforming other tier...

Stanbic IBTC Pension Managers revamps sanitary facilities at Nigerian Prisons Training School Kaduna

Nigeria’s leading Pension Fund Administrator (PFA), Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, in furtherance of its commitment to...

UBA Foundation Takes its Read Africa Initiative East

The United Bank for Africa (UBA) Plc, through its Corporate Social Responsibility arm, the UBA Foundation, continued on its quest to educate and empower...

TSA: No hidden funds in Keystone Bank – Management

Keystone Bank Limited has denied concealing funds meant to be transferred into the Federal Government’s Treasury Single Account. The Federal High Court in Lagos had...

FirstBank reacts to TSA compliance reports says No Hidden Funds in its Books

FirstBank wishes to categorically state that it does not hold any funds due NPDC and NNPC that are TSA eligible as carried in recent...

Nigeria’s UBA says its has remitted all NNPC/NLNG dollar deposits to state

Nigeria's United Bank for Africa, (UBA) has written to the government's accountant to say it has not withheld $367.4 million the government says it...

The Big Read

by: Martin Wolf The gap between rich and poor nations narrows as the sources of dynamism in high-income economies slow, writes Martin Wolf What is happening to the world economy? Here are some answers, in seven charts. They reveal a world undergoing profound changes. The most important transformation of recent decades has been the declining weight of the high-income countries in...
For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail industry. The reshaping of how Americans shop by the internet is accelerating. The US retail industry faces a growing...

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Germany must act now to stop re-run of refugee crisis, Merkel...

AACHEN, Germany - Germany needs to take action now to prevent a re-run of 2015, when some 890,000 migrants arrived in the country,...

French President Macron’s popularity rating drops

PARIS - French President Emmanuel Macron's popularity rating has slumped by 10 percentage points this month, according to an Ifop poll on Sunday...

Ghana sells $89 mln of 3-year cedi bond at 18.5 pct

ACCRA - Ghana accepted 393.6 million cedis ($88.9 mln) worth of bids for an oversubscribed three-year domestic bond sold on Friday at a...

THE BACKPAGE

The Imperialist People’s Republic of Africa? by Hannah Ryder

BEIJING – A few months ago, a New York Times magazine cover was emblazoned with the question “Is China the World’s New Colonial Power?”...

Learning from Malaria by Bjørn Lomborg

BERLIN – It is one of the best untold stories in the annals of development: great strides have been made against malaria, a disease...

Capitalizing on Africa’s Youth Dividend by Kim Kerr

TORONTO – When South African university students took to the streets in 2016 as part of the “Fees Must Fall” protest movement, the “decolonization...

GLOBAL ENTREPRENUERS

In 2007 China's commercial property outflow was less than $1 billion. Now it exceeds $20 billion annually. Individuals and corporations in China still have an estimated $200 billion to invest abroad. Prominent commercial markets include Hong Kong, Australia, the U.K. and North America, particularly Los Angeles, Miami, New York City, San Francisco, Seattle, Toronto and Vancouver. In 2015,...