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United Capital Launches Eurobond for Women Funds

Finance Minister, Kemi Adeosun at the United Capital launch of Eurobond and Wealth for Women Funds, said that infrastructure development will play a fundamental role in unlocking Nigeria’s economic potential, laying a foundation for economic competitiveness and long-term future growth. Adesoun stated that Investment in...

$500m Eurobond: For Whose Benefit?

The Finance Minister, Olusegun Aganga and his entourage have planned roadshows traversing markets in Europe and the United States to promote Nigeria’s credit worthiness and facilitate popular subscription of a proposed $500m/Euro loan. It would be inexplicable and irrational for anyone embark on a...

Nigeria’s $1bn Eurobond starts trading on London Exchange

London Stock Exchange has admitted Nigeria’s $1 billion Eurobond to start trading in London. The 15 year government bond, paying a coupon of 7.875 per cent, is the longest ever maturity for an international Nigerian bond, the first international issuance for the country since...

Proposed $30bn external Loans not solution to Forex Supply Crisis— MAN

The plan by the Federal Government to borrow $30 billion external loans to tackle the country’s infrastructural needs will not address the supply gap in the foreign exchange market currently hurting private sector operators. President Buhari Chairman, Apapa branch of Manufacturers Association of Nigeria,...

Foreign Investment in Equities Falls to Nine – Year Low

The foreign investment in Nigerian equities in the third quarter of 2016 fell to nine – year low as investors seek safety in less risky and high yielding fixed income securities. The capital importation data supplied by the Central Bank of Nigeria (CBN) and recently...

FG to Spend 61% of External Borrowing on Infrastructure Projects

Details of the federal government’s $29.96 billion External Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign loans have been earmarked for bankable infrastructure projects while social programmes in health and education, the federal government’s budget support facility, agriculture...