By InvestAdvocate Lagos (INVESTADVOCATE) –FCMB Group Plc said on Thursday it has raised $115.6 million (N23 billion) bond at the end of its third quarter (Q3), according to a Reuters report quoting Ladi Balogun, FCMB’s chief executive officer. According to the report Balogun said that FCMB still had room to […]
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Fitch: Nigeria’s Oil Response Has Downside Fiscal, Growth Risks
February 4, 2016/Fitch Ratings statement Fitch Ratings-London-04 February 2016: The Nigerian authorities’ recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to blunt the effects of declining oil receipts, Fitch Ratings says. It is yet […]
Announcement of Monthly FGN Bond Auction- February 2016
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 […]
