Ecobank repays $500m Eurobond, boosting confidence in Africa’s banking sector
Post AMUGE
April 19, 2024
Business a.m. Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has successfully repaid its $500 million 5-year Eurobond, which matured on April 18, 2024, according to an announcement made by the company on the Nigerian Exchange Limited (NGX). The company stated that the Eurobond, which was issued in April 2019 with a […]
FG begins sale of savings bonds at 11. 244%, 12.244% for October
Chris IkosaOctober 7, 2019
The federal government on Monday offered for subscription two-year savings bond at 11.244 per cent and three-year savings bond at 12.244 per cent per annum, the Debt Management Office has said. According to the offering circular obtained from the DMO website, the two-year bond will be due in October 2021 while the three-year bond will […]
China scraps foreign investment limit in stock, bond markets
Businessam StaffSeptember 10, 2019
China removed one more hurdle for foreign investment into its capital markets almost 20 years after it first allowed access. Global funds no longer need approvals to purchase quotas to buy Chinese stocks and bonds, the state administration of foreign exchange said in a statement on Tuesday. It removed the $300 billion overall cap on […]
Investors stake N301bn in FG’s N145bn bonds
Businessam StaffJuly 25, 2019
* as CBN injects $210m into forex market Investors demonstrated their thirst for investment outlet on Wednesday as they staked more than N300bn even though the federal government sought to raise N145bn through its monthly offer of the FGN Bonds A statement issued by the Debt Management Office showed that the government made allotment […]
Bond market reacts to Emiefele’s reappointment, closes on a bullish note
Afolabi OluwaseunMay 16, 2019
The Bond market turned firmly bullish in Friday’s session as market players viewed positively the news of the re-appointment of the CBN governor for another five-year term. First appointed in 2014 by President Goodluck Jonathan, Emefiele got a historic second term when President Muhammadu Buhari forwarded his name to the Senate for confirmation and would […]
Cadbury appoints first female MD after 50 years
Businessam StaffMarch 21, 2019
Cadbury Nigeria Plc, Nigeria’s pioneer cocoa beverage manufacturer, Thursday announced the appointment of Oyeyimika Adeboye as its first female managing director since its inception in Nigeria over five decades ago. Adeboye’s appointment attests to the company’s commitment to promoting gender equality, diversity and inclusion, the company noted. The appointment, the company said, takes effect from […]
CSCS obtains information security re-certification
Adesola AfolabiFebruary 27, 2019
The Central Securities Clearing System (CSCS) Plc on says it has secured recertification under ISO/IEC 27001:2013 following the recent audit of its compliance with information security risks controls by the British Standards Institution (BSI), UK, one of the world’s largest accreditation bodies for ISO certifications. The audit according to a statement from the CSCS, involved […]
NSE approves C&I Leasing’s share reconstruction to accomodate expansion plans
Adesola AfolabiDecember 11, 2018
C & I Leasing Plc has received the approval of the Nigerian Stock Exchange (NSE) to embark on a share reconstruction plan that will enable the company “have enough unissued shares to accommodate future plans to raise capital through the equity capital market.” The company disclosed this in a regulatory filing at the NSE addressed […]
Wall Street shrinks over G20 Summit
Chris IkosaNovember 29, 2018
U.S. stocks fell in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on the sidelines. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2018. REUTERS/Brendan McDermid […]
Modest higher yields seen mid-term as bond market closes bearish
Afolabi OluwaseunSeptember 10, 2018
Analysts at Cordros Capital have predicted that medium-term yield in the bond market will be modestly higher thanks to domestic monetary policy direction, political uncertainty and government borrowing as the market closes on a bearish note. “We expect yields to take a cue from primary auction stop rates in the coming week. However, we reiterate […]