Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday with the market capitalisation of the listed equities, shedding N71bn for the second consecutive day. The market capitalisation of the listed equities had depreciated by N71bn or 0.59 per cent on Monday to close at […]
Tag: Nigeria
CBN to inaugurate N200bn MSME fund Thursday
The Central Bank of Nigeria has said a N200bn Micro Small and Medium Enterprise Fund will be inaugurated on Thursday. The fund, which targets women entrepreneurs for 60 per cent intervention, has credit, insurance, capacity building and interest draw back elements. The bank also unveiled plans to introduce financial literacy […]
IFC to Launch $1 Billion Local-Currency Bond to Support Nigeria’s Capital Markets
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 […]
