Market indices were lifted on the second trading day of the week, following significant rise in the prices of major stocks in the Nigerian Stock Exchange. At the close of equity trading activities, 27 stocks recorded price appreciation, while 12 stocks depreciated in value. Cement Company of Northern Nigeria Plc […]
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Osun to raise N30bn bond
The Osun State has announced plans to embark on a N30bn ($190m) bond issuance programme. The bond, a seven-year instrument, would be raised to finance various infrastructural and developmental projects across the state. An adviser to the issue, who disclosed this to Reuters on Tuesday anonymously, said at present the […]
First Bank director, others to manage Sovereign Wealth Fund
The Federal Government on Tuesday made a member of the board of First Bank of Nigeria Plc, Alhaji Mahey Rasheed, chairman of the management board of the Sovereign Wealth Fund. The SWF is to replace the controversial Excess Crude Account, which was set up to save extra income made from […]
