The federal government has applied for $600 million (N93 billion) loan from the Islamic Development Bank (IDB). The minister of state for finance, Alhaji Yerima Lawan Ngama, who disclosed this in Abuja yesterday, said Nigeria’s application for the facility has passed the IDB scrutiny and received positive approval from the […]

Nigerian treasury bill yields declined for a second weekly auction, with bids being made for more than double the N149.3bn ($938m) sold. The Central Bank of Nigeria sold N32.1bn of 91- day bills at a yield of 14.70 per cent, nine basis points lower than the 14.79 per cent at […]

More calls have gone to the relevant authorities to put efforts in place to ensure increased listing of multinationals in the capital market. Specifically, analysts have said that the National Assembly should enact legislation that would compel multinationals to list their shares on the Nigerian Stock Exchange. The move, according […]