Strong indications have emerged that the Nigerian capital market would soon witness a wave of initial public offerings (IPOs), following relative improvement in the prices of stocks in the Nigerian capital market. IPOs are enabling either listed companies or unlisted companies to issue fresh shares the investing public to raise […]
Author: InvestAdvocate
FMBN: NHF Contributions Hit N22 Billion
The Chairman, Board of Directors of the Federal Mortgage Bank of Nigeria (FMBN), Chief Bisi Ogunjobi, has revealed that the National Housing Fund (NHF) had raked in about N22 billion from contributions by Nigerians hoping to own houses through mortgage. Of the amount, N5 billion or 40 per cent of […]
DMO to Raise $1.56 Billion in Three Months
Despite the lull in activities in the bond market, the Debt Management Office (DMO) plans to raise to raise between N140 billion ($870 million) and N250 billion ($1.56 billion) over the next three months, its issuance calendar for FGN bonds for Q3 2013, has revealed. When compared with the range […]
