IFC, a member of the World Bank Group, is working with the Securities and Exchange Commission in Nigeria to launch the first long-term, local-currency bond program in the country. The program will allow IFC to issue a series of local-currency bonds totaling up to $1 billion, to deepen domestic capital […]
Tag: Capital Market
CRR: Banks may limit participation in bond market
Capital market analysts have said banks may reduce their positions in the fixed income market after the implementation of the Central Bank of Nigeria’s 50 per cent Cash Reserve Requirements on public sector deposits took effect on Wednesday. According to analysts at Meristem Securities Limited, in a report on the […]
Asset-backed financing will deepen capital market – Expert
In order to deepen the capital market and ensure financial stability in the country, there is the need to introduce asset-backed financing on a large scale, the Managing Partner, Perchstone and Graeys, Mr. Osaro Eghobamien, has said. According to him, the introduction of asset-backed financing and, consequently, as asset-backed bonds, […]
