The World Bank’s private sector arm, the International Finance Corporation (IFC) has issued N12 billion ($75 million) of its debut Nigeria local currency bond. Reuters Tuesday quoted a banker who had knowledge of the deal to have disclosed that the fixed income instrument had a yield of 10.2 per cent. […]
Author: InvestAdvocate
Banks, Investors Splash N11tn on Treasury Bills
A total of N11.089 trillion was invested in treasury bills by financial institutions and investors in 2012, data compiled by THISDAY have shown. It showed that while a total of N4.393 trillion was invested in the short-term instrument through the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO), treasury […]
Transcorp: How Long Will the Price Rally Last?
Eromosele Abiodun writes that the recent upsurge in the share price of Transnational Corporation of Nigeria (Transcorp) Plc may be difficult to sustain considering the underlying fundamentals When benchmarked against the Nigerian Stock Exchange’s All Share Index (ASI), the conglomerates sector generally underperforms, given the average return from the equities […]