Investors Bite

More FGN Pro-note Issues to Come

Culled—Proshare October 26, 2020 by FBNQuest Research An increasing share of the FGN’s domestic debt consists of its promissory notes issued to clear arrears. These amounted to N972bn (US$2.52bn) at end-September or about 6% of the burden. After allowing for repayments already made on maturity of N187bn, the total hit […]

Moody’s Withdraws Green Bond Assessments

October 22, 2020/Moody’s Investors Service Moody’s Investors Service has today withdrawn all of its outstanding Green Bond Assessments (GBAs) for its own business reasons. The withdrawn GBAs include the following: Withdrawals: ….Obligor: American Municipal Power, Inc – Solar Electricity Prepayment Project ….Green Bond Assessment, Withdrawn , previously GB1 ..Issuer: Axis […]

Share Capital Reconstruction: NSE Places Sunu Assurances Nigeria on Full Suspension

October 26, 2020/NSE Trading in the shares of Sunu Assurances Nigeria Plc was on Monday, 19 October 2020 placed on full suspension. The suspension is necessary to allow for closure of the Company’s register of members in order to determine shareholders eligible for the share capital reconstruction as at the […]