In an effort to increase its share in the corporate trust market in Canada and expand its leadership position in a number of key segments, BNY Mellon, the corporate brand of The Bank of New York Mellon Corporation (BK), said on Tuesday that it has agreed to acquire the corporate trust business of CIBC Mellon.   Subject to regulatory approvals, the deal is expected to close by the end of this quarter. On completion, the deal will also allow BNY Mellon to service domestic and cross-border debt issuances, structured credit and securitizations, government stimulus programs and public private partnership transactions.   BNY Mellon Corporate Trust services $12 trillion in outstanding debt from 58 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets.   The CIBC acquisition will enable BNY Mellon to service

First Bank Nigerian shareholders will vote in August at their annual general meeting in Abuja on whether or not to raise a N500 billion ($3.4 billion) bond in support of domestic infrastructure financing under the country’s Public-Private Partnership (PPP) program designed to fund and discharge governmental responsibilities while enabling the private sector take control and manage assets which it otherwise would be excluded from. If passed, the debt would be the country’s first corporate bond in three years, an absence that Central Bank governor Sanusi Lamido Sanusi attributed to the “high cost of issuing debt,” as well as “tax concerns.”

According to Remi Babalola, Minister of State for Finance, PPPs are vital for African countries to maximize the effectiveness of their “dwindling resources”. While presenting a paper in which he stated that the government was determined to rapidly grow

CityView Corporation Limited (CTVWF.OB) is an Australian-based natural resource company with a diverse portfolio of copper, gold, diamonds, coal, iron ore, rare earths and oil refinery interests. The company today announced a joint venture with Deanshanger Project Ltd. for the acquisition of a crude oil refinery with a daily capacity of 55,000 barrels.

The acquired Tagore Investments S.A. refinery will later be revamped to produce 100,000 barrels each day, and will be relocated to Nigeria. CityView CEO Mark Smyth said the company will commence shipment and construction of the new refinery this year, and will begin operations in early 2010.

“Following the installation of the first module, the JV has plans to increase production of the refinery to 100,000 bpd by 2011,” Smyth stated.

Deanshanger specializes in infrastructure development and project management, and will arrange the delivery of the project through a Public Private Partnership deal with DPL Energy Ltd.,