Analysts have said that the uncertainties in the Eurozone countries may be a blessing in disguise for frontier markets, including the Nigerian capital market. According the analysts, it is likely that activities in the Nigerian Stock Exchange will close positive this week. The analysts’ optimism was based on the evolving […]
Author: InvestAdvocate
NSE admits FGN’s 16% bonds into DOL
The Nigerian Stock Exchange has admitted the Federal Government of Nigeria’s 50 million 16 per cent June 2019 Bond into its Daily Official List. The Series 3 bond, named FG9B2019S3, is valued at N50bn and was admitted on Friday. The NSE’s report for the week ended July 6, 2012 noted […]
Falling naira: CBN sold $2.75bn in June
In a bid to save the naira from continuous decline, the Central Bank of Nigeria sold a total of $2.75bn at the Wholesale Dutch Auction System in the month of June. Information gathered by our correspondent on the CBN website showed that the external reserves dropped marginally to $36.6bn in […]
