Fidelity Bank Plc on Wednesday said its application for an international licence had the full backing of its shareholders. The group head of marketing and communications in the bank, Emma Esinnah, told the News Agency of Nigeria (NAN) in Lagos that the bank’s application for the licence was approved by the shareholders in December. Mr. Esinnah said the ratification for…
Nigeria sold 66.5 billion naira in 5-year and 3-year sovereign bonds at its second debt auction of the year, the Debt Management Office (DMO) said on Thursday. The debt office sold 30 billion naira in the 5-year and 36.5 billion in the 3-year instruments at Wednesday’s auction with marginal rates of 11 per cent and 9.25 per cent respectively, slightly…
Zambia’s economy is expected to grow 6.5 per cent this year and 6.6 per cent next year on the back of a rally in copper prices and improvement in agriculture, a Reuters poll of 12 economists showed on Thursday. “We expect copper prices to remain elevated due to sustained global demand, particularly from China,” said Gregan Anderson, analyst at the…