Dangote Cement Issues N50bn Bonds For Projects Expansion
Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new N300 billion Multi-Instrument Issuance Programme.
The company said on Wednesday that the...
FOREX: Turnover In I&E Rises By 132% To $2.6bn
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange (forex) market rose sharply by 132 per cent month-on-month (MoM) to $2.6 billion in May, 2021 from $1.12...
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...
