Business

Nigeria’s bond yield slumps ahead of DMO auction

Ihesiulo Grace 30 January 2023 0

Trading activities turned bullish as inflows from the federal government of Nigeria (FGN) bond coupon payments spurred investors to cherry-pick bonds with attractive yields across the curve. The average yield on the bond instruments across tenors slumped amidst strong buying interest in the

Business

How LG’s technology inspires family bond, creativity

Ihesiulo Grace 15 June 2020 0

Globally, there is a clear shift in how people spend time together. As a matter of fact, technology is one of the vehicles people are using to spend quality time with loved ones, engage with businesses and perform their jobs. Loved ones who hadn’t seen each other in years are now seeing each other daily, […]

Business Featured

FGN Bond auction over subcribed in October, says DMO

Ihesiulo Grace 24 October 2019 0

Abuja – The Debt Management Office (DMO), says investors’ confidence in Federal Government Securities remained high at the Federal Government Bond Auction conducted by the office on Wednesday. A statement issued by DMO on Wednesday in Abuja said this was reflected by the high subscription at the auction. According to DMO, it offered three instruments […]

Business

Dangote Cement to issue $833m bonds for expansion

Ihesiulo Grace 21 March 2018 0

Dangote Cement Plc. has unveiled plans to raise N300 billion ($833m) in bonds to fund expansion of its operations across the continent. Brian Egan, its chief financial officer (CFO), disclosed this during an investor conference call, according to Bloomberg reports The debt instrument would be issued in tranches of N50 billion at a time whenever […]

Business Headlines

Nigeria floats $3bn dual-tranche bond

Ihesiulo Grace 21 November 2017 0

The Federal Government on Monday, announced that it has priced its offering of $3 billion aggregate principal amount of dual series notes under its $4.5bn Global Medium-Term Note programme (increased from US$1.5bn). The Notes comprise a $1.5bn 10-year series and a $1.5bn 30-year series. The 10-year series will bear interest at a rate of 6.5%, […]

Business News

Lagos closes N85.14bn series 2 bond issuance programme

Ihesiulo Grace 15 August 2017 0

Lagos state government on Monday announced the closure of the N85.14bn Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State. Commissioner for Finance, Mr. Akinyemi Ashade, in a statement, said the Bond was issued in two tranches of N46.37 bn ,16.75 percent Tranche 1 maturing August 2024 and the […]

Money

Why Wema Bank may extend N20bn bond issuance

Ihesiulo Grace 8 August 2017 0

The Chief Finance Officer (CFO), Wema Bank Plc, Mr. Tunde Mabawonku has said the lender might postponed second tranche N20 billion bond issuance, stressing that the bank is monitoring the interest rate regime in the country. The bank was targeting August to raise fresh capital in its expansion course following the Central Bank of Nigeria […]

Capital Market Nigeria

Bond working against vibrancy of equities market – Brokers

Ihesiulo Grace 9 March 2017 0

The preponderance of debt instruments in the Nigerian capital market has been described as one of the major factors working against the development of the equities market, years after the global economic meltdown. Stock brokers who spoke to Daily Times on the impact of increasing bond offering to the market, said that hence the debt […]