August 3, 2023/NGX Nigerian Exchange Limited (NGX) announces the listing of the Federal Government’s N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64% Ijara Sukuk due 2032 was listed on NGX today, Thursday, 3 August 2023. According to DMO, the Sovereign Sukuk opened […]
Capital Market
The Lagos Bourse Extends Lead Over Rivals; Records +25.3% YTD Return
August 2, 2023/FBNQuest Since President Tinubu’s inauguration on May 29, 2023, the Nigerian Stock Exchange (NGX) has extended its lead over its main rivals on the continent. As shown by our chart, the NGX’s remarkable +25.3% year-to-date (ytd) return has significantly surpassed the +7.8% and -5.9% ytd returns of the […]
SEC, FMMSD To Collaborate on Raising Capital for Non-Oil Sector
August 1, 2023/SEC Nigeria The Securities and Exchange Commission and the Capital Market Community are to partner with the Federal Ministry of Mines and Steel Development and other stakeholders to promote the use of alternative means of raising capital such as Non-Interest products, tokenization of assets as well as adopting […]
