1 Nov 2021
Nigeria is doing well in the bond market because it does not default in repayment, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
28 Sep 2021
Celebrities and royals walk the red carpet in central London on Tuesday for the star-studded but much-delayed world premiere of the latest James Bond film, "No Time To Die". British actor Daniel Craig's fifth and final outing in the blockbuster franchise hits big screens after its release was repeatedly postponed during the coronavirus pandemic. The…
30 Aug 2021
To deepen the culture of monthly rental, Alpha Mead group has raised a fixed-rate series one $1m private placement bond.
30 Apr 2021
Nigerian music has resurfaced with a slew of new releases that have sparked new debates among fans, commentators, and observers around the world. Taken together, mainstream releases such as DJ Cuppy's Original Copy and Fireboy DML's Apollo paint a clear picture of Nigerian pop's present and future, promoting the incorporation of various sonic themes into…
15 Dec 2018
Bonds are seen as a good low-risk financial investment and while interest rates on them aren’t very high, they are usually government-backed, so when volatility happens in the markets, they gain because of it. There are a number of different bonds you can invest in, so which type is right for you? So what is…
7 May 2018
Nigeria’s securities regulator is preparing for record bond issuance from companies seeking to benefit from lower interest rates and an economy on the mend. The bond bonanza comes as Africa’s biggest oil producer recovers from a 2016 contraction, with the International Monetary Fund predicting an expansion of 2.1 percent this year. It will also mark…
8 Jan 2018
The Debt Management Office (DMO) has announced that the Sovereign Green Bond offered to the general public in December 2017, was well received by a wide range of investors. At the close of the offer, the total subscription received was N10.791 billion compared to the N10.69 billion Offered. Among the investors who subscribed to the…
22 Dec 2017
The Federal Republic of Nigeria through the Debt Management Office (DMO) has pioneered the inaugural listing of Diaspora Bond on the FMDQ OTC Securities Exchange platform. FMDQ in a statement in Lagos said that the listing was the first in the Nigerian debt capital markets (DCM). The statement said the 1.5 billion dollars Federal Government…
20 Jun 2016
The issue comprises of N26, 386,000,000 three year 14.25 per cent bond due 2019 (“the Series one bond”) and a N33, 614,000,000 five year 14.75 per cent bond due 2021 (“the series II bond”).
9 May 2016
Electricity distribution companies at the weekend called on the National Assembly not to cancel the proposed N309 billion bond to the sector.