Treasury Bills subscription in November increased by 12.2 per cent to N659 billion, compared to the N587.55 billion recorded in October, a report by the Financial Market Dealers Association (FMDA) has shown. The FMDA stated this in its financial and economic report for November obtained at the weekend. It showed […]
Author: InvestAdvocate
CBN Withdraws N128 Billion from Circulation
In line with its tight monetary policy regime, the Central Bank Nigeria (CBN) at the weekend withdrew a total of N127.97 billion naira from the system, through sale of treasury bills (T-bills). The CBN sold N32.488 billion of 91-day T-bills at a yield of 11.95 percent. The central bank also […]
Linkage Assurance to issue 2.897 billion ordinary shares
Board of Linkage Assurance Plc has said that it plans to raise 2.89 billion ordinary shares in the authorised share capital of the company, through a special placement, at a price of 50k per ordinary share. During an extraordinary general meeting of the firm in Lagos, the shareholders endorsed this […]
