FMDQ Exchange Lists BUA Cement’s N115bn Bond       FMDQ Securities Exchange Limited has announced the admission of the BUA Cement Plc N115bn Series 1 Fixed Rate Senior Unsecured Bond under its N200bn Bond Issuance Programme, for listing on its platform, as approved by the Board Listings...

Firms Borrowed N258.59bn From Bond Market Amid COVID-19 – SEC       More companies tapped the Nigerian bond market in 2020 amid the COVID-19 pandemic as they raised a total of N258.59bn, the highest on record, according to data from the Securities and Exchange Commission. The SEC data...

FOREX: Turnover In I&E Window Drops By 82% To $3.7bn       The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange (FOREX) market fell year-on-year (YoY) to $3.7 billion in the first quarter of this year (Q1’21) from $20.49...

Naira In Mixed Fortunes As External Reserves Drop To 5mths Low       Despite the renewed pressures on the external sector, Naira has appreciated in the Investors & Exporters (I&E) window of the currency market. But this came at the backdrop of a decline in external reserves just...

Naira Weakens Further As Dollar Sells For 478       The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478. The local currency, which traded at N475 per dollar on Tuesday, has come under pressure in recent days....

Naira Plunges To 475 As Dollar Demand Rises         The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell...