Investors Bite

DMO Sells N90bn of 3, 5 and 10-yr Bonds at About 3 times Bid to Cover

Culled—Proshare April 26, 2018/ Zedcrest Capital  ***Minimum wage fireworks begins Thursday with public hearing***  KEY INDICATORS Inflation 13.34% Declined by 0.99% in March from 14.33% in February 2018 MPR 14.00% Left unchanged at 14.00% at the MPC meeting 0n 4 April 2018 External Reserves $47.01billion Accreted 1.52% as at 16 […]

Summary of April 2018 FGN Bond Auction

Culled—Proshare April 26, 2018/DMO Auction Result for the 12.75% FGN APR 2023 (New Issue 5-year Bond), 13.50% FGN MAR 2025 (Reopening 7-Year Bond) & 13.98% FGN FEB 2028 (Re-opening 10-Year Bond) Successful bids for the 12.75% FGN APR 2023, 13.53% FGN MAR 2025, and 13.98% FGN FEB 2028 were allotted […]

Facebook sales soar despite data scandal

25/4/2018/BBC Facebook’s quarterly sales rose by nearly 50% in the social media giant’s first results since a privacy scandal over users’ data emerged. The company said that revenues rose to $11.9bn in the first three months of the year, compared to $8bn previously. Chief executive Mark Zuckerberg said: “Despite facing […]