September 22, 2021/IMF The IMF’s Executive Board met today for an initial briefing from the Ethics Committee on the matter related to Managing Director Kristalina Georgieva’s alleged role in the World Bank’s Doing Business 2018 as described in the Investigation’s Report. The Board discussed the Ethics Committee’s deliberations so far and […]
Updates
Nigeria Raises US$4Bn in its First Eurobond Issuance for the Year
September 22, 2021/CSL Research Yesterday, the Debt Management Office (DMO), following two days of sustained meetings with foreign investors, announced that it had raised US$4bn in Eurobonds. The amount raised exceeded the earlier planned US$3bn. Based on the report from the DMO, the offer was oversubscribed with a bid-to-cover ratio […]
Tier-One Banks Drag Market Indices -0.1% Lower
September 21, 2021/Cordros Report EQUITIES The Nigerian equities market sustained yesterday’s loss as investors sustained profit-taking activities on select Tier 1 banking stocks – ZENITHBANK (-2.3%), GTCO (-0.7%) and ACCESS (-1.1%). Thus, the All-Share Index settled lower by 0.1% at 38,873.85 points. Accordingly, Month-to-Date and Year-to-Date losses increased to -0.9% […]
