The government and private companies in Nigeria have raised N3.44 trillion through debt instruments, including Corporate Bonds and Commercial Paper in two years. This was disclosed...
The Debt Management Officer (DMO) has activated the process to offer two savings bonds of the Federal Government of Nigeria (FGN) for subscription for the month...
The Federal Government has raised about N658 billion in new borrowings to augment national revenue and finance budget deficit. At the first bond auction for the...
BUA Cement Plc has announced a final dividend payment of N2.80 kobo per 50 kobo ordinary share for the financial year ended December 31, 2022. Considering...
The Central Bank of Nigeria (CBN) has announced the official unification of all segments of the forex exchange (FX) market to abolish differing exchange rate regime....
Naira remained stable on Tuesday, exchanging at N464.67 to the dollar at the Investors and Exporters’ window. The local currency did not change from its value...
To further diversify its debt profile, Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has secured a $625 million syndicated loan with new lenders...
Corporate and subnational bond issuances in Nigeria has increased by 502.4% in the last five years spanning 2017 and 2022, managing Director of Investment Banking at...
Nigerian Exchange Limited (NGX) has revealed that the total allotments for FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023....
The average yield on Nigerian Treasury bills (NTB) rose moderately to 7% as cash tasty deposit money banks (DMBs), fund, and asset managers offloaded their holdings...
The Nigerian Naira experienced a significant decline against the US Dollar in the black market, settling at an average exchange rate of N760/$1 on Monday, May...
In line with its mandate to promote investor participation in Nigeria’s capital market, enhance secondary market, Nigerian Exchange Limited (NGX) in collaboration with Afrinvest is set to...
Nigerian Breweries Plc has revealed a plan to raise N25 billion from commercial paper issuance to support the company’s short-term working capital and other funding needs....
After a one-week breather, Nigeria’s foreign exchange (forex) reserves reversed to its recent negative trend, dropping by $79.77 million to close weekend at a new low of...
The gap between the Nigerian naira exchange rates at the investors, exporters’ window and parallel market printed lower at N278 per United States (US) dollar. Creating...
Guaranty Trust Holding Company (GTCO) Plc, the holding company for Guaranty Trust Bank and other subsidiaries, recorded marginal decline in profitability in 2022 as pre-tax profit...
Nigeria’s financial markets were in a tailspin at the weekend amid concerns over macroeconomic outlook and dodgy currency risks. Consequently, the naira fell across the official...
Lekki Gardens Estates Limited has redeemed and repaid N3.48 Billion Series 1 (Tranche A) Commercial Paper issuance under the N25 billion Commercial Paper Programme to investors...
Lagos Free Zone Company (LFZC), the first private free zone in Nigeria with a fully integrated deep sea port has announced the successful issuance of a...
Rising operation costs of Total Energies Marketing Plc have eaten into the its bottomline for the full year ended December 31, 2022 despite impressive rise in its...