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We need a boring Nigerian Stock Exchange: an Open Letter to the New CEO of the Nigerian Stock Exchange, Oscar Onyeama

Dear Oscar Onyeama,   Happy New Year and congratulations on your appointment to the exalted position of the CEO of the Nigerian Stock Exchange (NSE), an Exchange that is yet to fulfil its potentials!    Your appointment would appear to be a clear case of a round peg in a […]

Nigeria’s $500m Eurobond ALERT – Offer oversubscribed, Approx $1.3bn raised.

Lagos, January 21, 2011– Proshare is able to confirm that the Eurobond offer by the Federal Republic of Nigeria has been successfully concluded today.   We expect that a total of $1.3bn (approx.) has been booked. The price should come out approx at 6.75%.   The transaction was 2.6x oversubscribed. The 10-year bond priced […]

Nigeria’s $500m Eurobond ALERT – Offer oversubscribed, Approx $1.3bn raised.

Lagos, January 21, 2011– Proshare is able to confirm that the Eurobond offer by the Federal Republic of Nigeria has been successfully concluded today.   We expect that a total of $1.3bn (approx.) has been booked. The price should come out approx at 6.75%.   The transaction was 2.6x oversubscribed. The 10-year bond priced […]