Author: InvestAdvocate

Exchange Approves N94bn New Issues

  The Council of The Nigerian Stock Exchange, through its Quotation Committee, on Tuesday, approved issues worth N93.555 billion for four companies, a state government and two other financial instruments.    Bayelsa State Government got the Council’s approval for its Offer for Subscription of N50 Billion Fixed Rate Development Bond […]

CBN releases guidelines for granting liquid asset status to state govt. bonds

  THURSDAY, 01 JULY 2010 01:25 BLESSING ANARO     Three months after the Central Bank of Nigeria (CBN) decided to confer liquid asset status on eligible state government bonds, it has finally issued guidelines to operationalise the decision. With the guidelines, the Securities and Exchange Commission (SEC) is expected to monitor […]

S&P: CBN Requires Guarantee to Sell Banks

  By Ayodele Aminu and Emele Onu, 07.01.2010   Standard & Poor’s, one of the world’s most reputable rating agencies, has said the Central Bank of Nigeria (CBN) may need to guarantee the acquisition of the rescued banks to be able to win the confidence of investors.     S&P, […]