By InvestAdvocate Click here to view Cordros Daily Market Update for March 23, 2017 Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed flat, with the all-share index (ASI) unchanged at 25,514.03 points. “Consequently, the Month-to-Date and Year-to-Date returns were unchanged at 0.73 percent and -5.06 percent respectively, reports Cordros daily […]
Investors Bite
$354mm Settles as 9th OTC FX Futures Contract Matures on FMDQ
March 23, 2017/FMDQ OTC The OTC FX Futures market recorded a circa 25% increase in the notional amount matured in February 2017, $266.17mm, to $354.00mm, being the 9th Naira-settled OTC FX Futures contract, NGUS MAR 22 2017, which matured and settled on Wednesday, March 22, 2017, on FMDQ OTC Securities […]
Nigeria issues new retail savings bond to raise $7 million
March 23, 2017/Reuters Nigeria’s debt office said on Thursday it raised 2.07 billion naira ($6.6 million) from a new two-year savings bond intended for retail investors. Nigeria forecasts a budget deficit of 2.36 trillion naira in 2017, half of which it aims to fund through domestic borrowing. The Debt Management […]
