The Chartered Institute of Stockbrokers have urged investors on the Nigerian capital market to take advantage of the low prices of shares for future gains. The President, CIS, Mr. Ariyo Olushekun, who stated this at a briefing in Lagos on Thursday, noted that the market was ripe for investing. He […]
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DMO to auction N84bn in local debt
The Debt Management Office plans to sell N83.91bn ($515.26m) worth of sovereign bonds ranging between five and 10 years at its regular auction on June 27.The debt office on Thursday said in a statement that it would sell N30bn each in five-year and seven-year paper, while it plans to auction […]
‘Naira’ll appreciate with improved productivity’
The Executive Programme Director, Self-Reliance Economic Advancement Programme, (a micro-finance institution), Mr. Olatunde Oladokun, has said that the depreciation of the naira is negatively affecting financial institutions, business transactions and economic development of the country. The naira has continued to decline, prompting some local currency dealers to fear that it […]
