Author: InvestAdvocate

Nigeria to auction 150 billion naira in Treasury bills

Nigeria’s central bank said it would auction treasury bills worth 149.65 billion naira ($944.88 million) at its bi-monthly debt auction next week, it said on Thursday.  The central bank said it would sell 49.65 billion naira in 91-day paper and 50 billion naira each in 182-day treasury bills and 364-day […]

Nigeria to auction 70 billion naira in 2019, 2022 bonds

Nigeria said it will issue 70 billion naira ($442 million) in sovereign bonds maturing in 2019 and 2022 on Feb. 29, its second monthly debt auction this year, the Debt Management Office (DMO) said on Thursday.  The debt office said it would sell 35 billion naira of each bond. These […]

Nigeria’s Flour Mills raises 35 billion naira in rights issue

Flour Mills of Nigeria said on Thursday it successfully raised 34.97 billion naira ($220.80 million) in a rights issue of shares.  Shares in Flour Mills closed down 2.73 percent at 57.54 naira per share.  The rights issue was meant to raise 28.24 billion through the sale of 455.56 milion ordinary […]