The total bond activities for the Federal Government and corporate entities for the month of June this year closed at ₦193.399m, the Nigerian Stock Exchange said in its monthly report released on Friday. The report showed that on the Federal Government’s side, the total bonds traded amounted to ₦24.648m, while the corporate bonds/debenture for the […]
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Despite the marked improvement in Nigeria’s foreign exchange market, the external sector and the macro-economic fundamentals, Fitch Ratings, yesterday, assigned Nigeria’s upcoming dollar-denominated senior unsecured bonds an expected rating of ‘B+(EXP)’. This indicates that the relative stability in the foreign exchange market with reversal of the slide in gross domestic products, GDP, did not reflect […]
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Senior Special Assistant to the President on Foreign Affairs and Diaspora Abike Dabiri-Erewa has urged Nigerians to take advantage of the first ever 300 million dollars Diaspora bond. Dabiri-Erewa, who made the call on Monday in Abuja in a statement by her Media Assistant, Mr Abdurrahman Balogun, asked Nigerians to buy into the offer. She […]
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The listed bonds of the Federal Government on the Nigerian Stock Exchange as of March 31 this year were ₦6.82tn. The figure, according to findings by our correspondent, was generated from a total of 20 listings on the bourse. Following a series of monetary policy actions to boost liquidity and rate convergence in the foreign […]
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Sterling Investment Management SPV Plc, a special purpose vehicle floated by Sterling Bank Plc, at the weekend listed its ₦8 billion bond on the Nigerian Stock Exchange (NSE). A total of 7.965 million units were listed at par value of N100 at the weekend. Sterling Investment Management SPV’s ₦7.965 billion bond is a seven-year 16.50 […]
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The Lagos State government yesterday said it has redeemed the N57.5 billion Bond. The Bond was the second under the state’s initial N275billion Programme, which was launched on December 31, 2008. At the time of its issuance, the Bond was the first sub-national issuance to be undertaken by way of a book build. In accordance […]
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The Federal Government is planning to borrow between N340bn and N430bn of local currency bonds during the first quarter, the Debt Management Office has said. In a data posted on its website on Friday, the DMO said that it would auction N110bn to N140bn worth of bonds maturing in 2021 and N85bn to N105bn in […]
Read More The Lagos State Government on Friday issued its N47bn Series 1 Bond maturing in December, 2023 under its N500bn Third Debt Issuance Programme. Governor Akinwunmi Ambode, at the signing ceremony held at the Lagos House, Ikeja, said that the programme was targeted at improving the physical and social infrastructure base of the state. He said, […]
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