Investors Bite

CBN Revokes Operational Licenses of 4,173 BDCs

March 1, 2024/CBN The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De […]

BUACEMENT, MTNN Trigger -3.3% Weekly Loss Following Unfavourable MPC Outcome

Sell pressures on MTNN (-18.9%) and BUACEMENT (-10.0%) triggered a 3.3% w/w decline in the All-Share Index to 99,765.90 points. March 1, 2024/Cordros Report Global Economy Preliminary estimates released by the Eurostat showed that consumer prices in the Euro Area maintained their downward trend, easing by 20bps to 2.6% y/y […]

Golden Oil Funding Announces Up to ₦5Bn Series 2 Asset-Backed Commercial Paper Issuance

March 1, 2024/FSDH Research FSDH Capital has announced the launch of Golden Oil Funding SPV PLC (“the Issuer”) up to ₦5 billion Series 2 Asset-Backed Commercial Paper Issuance (“the Transaction”) under the company’s ₦15 billion Asset-Backed Commercial Paper Programme. The proposed Issuance is for a 93-day tenor and the notes […]