The Debt Management Office has said that the N3.14tn bonds offered by the Asset Management Corporation of Nigeria’s bonds, which will mature in 2011 through 2013, have inherent refinancing risks. A report by the debt office on Wednesday also disclosed that an assessment of the redemption profile indicated that there […]
Author: InvestAdvocate
Brokers want govt to resolve liquidity crisis
The issue of illiquidity has again come to the forefront on the Nigerian Stock Exchange, with brokers and some key stakeholders calling on relevant authorities to resolve the crisis. The brokers, who spoke under the aegis of the Association of Stock Broking Houses of Nigeria, on Wednesday, said it was […]
Nigerian naira falls vs dollar on strong dollar demand
The Nigerian naira weakened against the U.S dollar on the interbank market and bi-weekly forex auction on Wednesday, with the auction, a separate central bank intervention and dollar sales from a gas firm all failing to meet robust demand. The local currency closed at 161.80 to the dollar on the […]
