November 26, 2015/SEC In recognition of the role of the Capital Market as very critical to the kind of economy the present administration intends to develop for Nigeria, the Federal Government is to set up a $25 billion fund wholly dedicated to infrastructure investments. This was stated by the Minister […]
Capital Market
Zamfara State Sells N7 Billion Bond at 17%
By InvestAdvocate Lagos (INVESTADVOCATE)- Zamfara State has issued a seven-year bond at a fixed rate of 17 percent to raise N7 billion ($35 million) for infrastructure projects, the lead issuing house FBN Capital said on Wednesday, according to Reuters report. The report affirmed Zamfara State which relies on agriculture launched […]
Nigerian Bourse Halts 7-Day Losing Streak, Index up 0.53%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian bourse on Wednesday halted a seven (7) losing streak as all share index (ASI) climbed up 0.53 percent to close at 27,743.92 basis points, while market capitalisation increased by N50.57 billion to N9.53 trillion. “Today’s increase reduced the Month-to-Date and Year-to Date losses […]
