IMF raises concern over return of fuel subsidy in Nigeria
The International Monetary Fund has expressed concern over the resurfacing of fuel subsidies in Nigeria. The Nigerian government had in
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Author: Markets Reporters
Dangote Cement issues N50bn bonds, to be listed on NGX, FMDQ Exchange
Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior
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Ardova to acquire 100% stake in Enyo
Ardova Plc, formerly Forte Oil Plc, says it has reached an agreement with Enyo Retail and Supply Holding Limited to
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Naira plunges to 505 against dollar amid forex scarcity
The Nigerian currency fell on Tuesday to a new record low against the dollar at the parallel market. The naira
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Nigeria’s forex reserves fall below $34bn despite oil rally
Nigeria’s foreign exchange reserves have dropped below $34 billion despite the rally in the price of crude oil, the major
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Nigerian govt’s reliance on central bank financing worrying: Capital Economics
The Nigerian government’s growing reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly worrying,
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AfDB returns to Australian bond market, to raise A$600m
The African Development Bank launched a A$600 million (US$463.9 million) 5.5-year Kangaroo bond, marking its return to the Australian dollar
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FMDQ Exchange admits Mixta Real Estate’s commercial paper
FMDQ Securities Exchange Limited announced on Monday the approval of the quotation of the Mixta Real Estate Plc N1.02 billion Series
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NNPC, NCDMB to construct N10.5bn petroleum products terminal
The Nigerian Content Development and Monitoring Board, the Nigerian National Petroleum Corporation and ZED Energy Limited have signed shareholders agreement
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Ecobank’s $350m bond more than three times oversubscribed
Ecobank Transnational Incorporated, the parent company of the Ecobank Group, announced on Friday that it had successfully raised $350 million
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