March 24, 2023/Coronation Report The DMO held its monthly auction of FGN bonds on Monday (20 March ’23). It offered N360bn (USD780.1m) but raised N563.2bn (USD1.2bn) through re-openings of the 13.98% FGN FEB 2028, 12.50% FGN APR 2032, 16.25% FGN APR 2037, and 14.80% FGN APR 2049 FGN bonds. The […]

March 24, 2023/OilPrice.com Tom Kool Editor, Oilprice.com The statement from the U.S. Energy Secretary that it will be difficult to refill the SPR despite oil prices being in the desired range has added downward pressure to oil prices and limited the potential for a rebound. Friday, March 24th, 2023 The […]

March 24, 2023/CSL Research A Punch news report states that the Federal Executive Council, on Wednesday, approved the sum of N453.90bn for the procurement of rolling stock, operation and maintenance equipment for the Kano-Maradi standard gauge rail line. The c.284km line will run from Kano to Maradi in Niger Republic, […]