February 3, 2016/NSE Amount & Tenor N40,000,000,000 – 15.54% FGN FEB 2020 (5-Year Re-opening) N50,000,000,000 – 12.50%FGN JAN 2026 (10-Year Re-opening) Auction Date: Wednesday, February 10, 2016 Settlement Date: Friday, February 12, 2016 Units of Sale: N1, 000 per unit subject to a minimum subscription of N10, 000 and in […]
Tag: CSCS
NSE Notify Issuers on VAT Payment
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Tuesday notified all issuers on the mandatory payment of value added tax (VAT) in compliance with the law on VAT which commenced in 1993. The Exchange in a notice made available to InvestAdvocate said it’s mandatory for all issuers, stockbrokers, issuing […]
CSCS Deploys SWIFT Messaging System
By InvestAdvocate The Nigerian Stock Market is at the verge of achieving another major transformation as the Central Securities Clearing System (CSCS) Plc adopts the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system to enhance transactions in the market. SWIFT provides a communication gateway that enables financial institutions worldwide to […]
