August 19, 2016/FBNQuest Research The DMO held its latest monthly auction of FGN bonds on Wednesday, and raised N110bn (US$336m) from the sale of three debt instruments. These were all reopened issues (14.50% Jul ‘21s, 12.50% Jan ‘26s and 12.40% Mar ‘36s). There was reasonably strong demand at the shorter end […]
Updates
Lagos ranks world’s 3rd worst city to live in
19/8/2016/Vanguard A report released yesterday by The Economist Intelligence Unit ranked Lagos as the third worst city to live, maintaining its position at the lowest rungs of the Global Liveability index. Several other global reports had also said that Lagos, with a population of over 22 million, would in the […]
Nigeria oil minister says OPEC cuts unlikely, Algeria meeting could help price
August 18, 2016/Reuters By Ulf Laessing Nigerian oil minister Emmanuel Ibe Kachikwu said on Thursday that while a cut in OPEC production is unlikely, there is hope a meeting of producers in Algeria next month could help shore up crude prices. Kachikwu also said in a speech in Lagos that […]
