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GTBank to Launch International Cash Tender Offer to Holders of $400Million 6.000 per Cent Notes Due 2018

September 25, 2017/NSE Guaranty Trust Bank Plc. (“GTBank”) intends to launch an invitation to holders of its U.S. $400 Million 6.000 per cent. Notes due 2018 (the Notes) to tender any and all of their Notes for purchase by GTBank in exchange for cash (the Offer). Through the Offer, GTBank […]

Oil Prices Hovered Around $55pb Ahead of OPEC Meeting

Culled—Proshare September 20, 2017/FDC The naira appreciated to N367/$ at the parallel market, while oil prices hovered around $55pb ahead of the OPEC meeting on Friday. The possibility of a petroleum workers strike could mean fuel scarcity and higher costs. However, it is likely to be a short-lived action with […]

Update: FGN Monthly Bond Auction – September 2017

September 19, 2017/DMO The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for N35,000,000,000 – 14.50% FGN JUL 2021 (5-Year Re-opening)* N50,000,000,000 – 16.2884% FGN MAR 2027 […]