FG Opens Offer For $500m Domestic Bond, Bars Cash Payment   The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five...

Mr. Bismarck Rewane, the Chief Executive, Financial Derivatives Company Limited, has warned that the inconsistencies in the federal government’s policies are taking a toll on the economy as well as investor confidence.  

Nigerian Equities Open With N304bn Loss   Nigerian equities opened this week with a continuation of bearish sentiment as investors sought to lock in gains into fixed income securities. Benchmark indices at the Nigerian Exchange (NGX) indicated average decline of 0.53 per cent, equivalent to net capital...

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to provide special support mechanisms to strategic companies and industries that play a key role in achieving inclusive economic growth for the country’s Gross Domestic Product (GDP) in light of the current economic challenges facing Nigerian society.

Equity Market Investors Lose As Sell-offs Continue Midweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors. This is also the third day of consecutive bearish trading on the exchange, which has resulted in a combined loss of N1.54tn. Wednesday’s bearish...

Equity Investors Gain N1.8trn As Market Sets New Records   The Nigerian Exchange Limited set new records at the close of trading on Tuesday as the benchmark index, the All-Share Index rose by 3.93 per cent to 87,971.09 points, a new high. Similarly, the market capitalisation rose...