Business
Ecobank Nigeria lists $300m bond on London Stock Exchange
Ecobank Ecobank Nigeria has listed its $300 senior unsecured bond on the London Stock Exchange (LSE). The bank on Thursday opened the market at the LSE via a virtual ceremony
Stock market in reverse mode, loses N1.36trn in February
The stock market ended last month in a full reverse mode, losing N1.38 trillion as investors’ preference shifted to the fixed income market in response to an 186 per cent
Dangote: Nigeria to Save $2.5bn Annually from Petrochemical, Fertiliser Plants
The President of Dangote Group, Alhaji Aliko Dangote, has said that the Nigerian economy will be boosted by over $2.5 billion annually through foreign exchange savings and exports from the
As Fuel Queues Return, Nigeria’s State-owned Oil Company Cautions Against Panic Buying
The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have cautioned motorists against panic buying as fuel queues returned in Abuja and Lagos over
CBN plans to strengthen Naira, economy through $15bn Dangote refinery
Godwin Emefiele, CBN Governor. …As fertilizer plant comes on stream March By Udeme Akpan THE Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension
Pension assets soared to N12.3 trillion in December 2020
The National Pension Commission (PenCom) December report has revealed a significant increase in assets under management to N12.3trillion, which represented year-on-year The post Pension assets soared to N12.3 trillion in
Valency Agro quotes ₦5.12 billion series I CP on FMDQ platform
FMDQ Securities Exchange, through its board on listings and markets committee, has announced the quotation of the Valency Agro Nigeria Limited’s ₦5.12 billion series 1 commercial paper The post Valency
PFA urges asset diversification to hedge market volatility
Sigma Pensions has urged investors to remain calm in the face of market volatility and strategically diversify their assets. The post PFA urges asset diversification to hedge market volatility appeared
Sovereign Wealth Fund: If Nigeria were Malaysia
In 2016, the US Justice Department filed a complaint alleging that over $3.5 billion had been misappropriated, between 2009 and 2015, from 1Malaysia Development Berhad (1MDB) The post Sovereign Wealth
Naira devaluation increases Nigeria’s debt profile ― Alaje
Emma Ujah – Abuja Last year’s (2020) devaluation of the Naira increased the nation’s total debt profile by about N1 trillion. Dr Paul Alaje, Senior Economist with SPM Professionals
