Nigeria’s 2024 bond will be included in JP Morgan’s Government Bond Index-Emerging Markets (GBI-EM) on August 29, in addition to three other bonds already listed, a JP Morgan internal document released on Thursday showed. The 10-year bond yield fell 22 basis points on Thursday’s trade to 11.97 percent on the […]
Capital Market
Forte Oil Invest $90 million in Geregu Power Project
By InvestAdvocate Lagos (INVESTADVOCATE)-Petroleum marketing firm, Forte Oil Plc has announced the investment of $90 million to upgrade the Geregu power plant to achieve/generate the installed capacity of 414 mega watts. Akin Akinfemiwa, group managing director (GMD)/CEO of the company disclosed this at it’s ‘’Facts behind Figure’’ presentation to the […]
NSE to Revoke Licences of Dealing Member Firms Inactive for Six Consecutive Months
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday said its seeking to henceforth revoke licences of dealing members firms that had remained inactive for six (6) consecutive months. The NSE said the move is in a bid to maintain the integrity of the capital market and […]
