FGN Nov Bonds Oversubscribed By N102.35bn   The FGN bond auction by the Debt Management Office which took place on Wednesday was oversubscribed by N102.35bn. The DMO offered N150bn from three instruments (five-year, 10-year and 30-year bonds) for N50bn each, to investors at the auction. The total subscription...

Bond Yields Rise On Sell Pressure   The bond market was characterised by sustained sell-offs by investors last week thereby leading to a rise in yields in the market. For instance, FGN Eurobonds traded on the London Stock Exchange depreciated in value for all maturities tracked amid...

Bond Issuance: Lafarge Africa Shareholders Approve N100bn   Shareholders of Lafarge Plc yesterday at the annual general meeting (AGM) in Lagos approved plans by the company to issue a N100 billion bond later in 2018. The proceeds of the bond would be used to refinance the company’s...

Wema Bank Plans N20bn Bond Deal By July     Wema Bank Plc plans to raise N20 billion from the bond market by July and aims to pay a dividend this year for the first time in a decade, paving the way for an equity sale next...