The high cost of issuing long-term domestic debt, which has spurred banks’ increased appetite for external borrowings through Eurobonds, has become a source of worry to stakeholders.
The monetary authority is in a good position to ease foreign exchange (FX) pressure as its coffers have been enhanced by a sizable $7.3 billion liquidity – $4 billion Eurobond issuance
6 Mar 2019
The Nigerian Stock Exchange (NSE), will on Thursday, March 7, list 5 tranches of the Federal Government (FGN) Eurobond. They include; 7.143%, 12-Year, $1.25billion FGN Eurobond; 7.696%, 20-Year, $1.25billion FGN Eurobond; 7.625%, 7-Year, $1.118billion FGN Eurobond; 8.747%, 12-Year, $1billion FGN Eurobond; and 9.248%, 30-Year, $750million Eurobond under the auspices of Nigeria’s newly established Global Medium…
13 Nov 2018
The nation’s fiscal crisis may not have been overstated after all, as government paid about N844.88 billion in salaries and offset debt-related obligations that were due in the course of implementing the 2017 budget from borrowed funds.
28 May 2018
Shareholders of Fidelity Bank Plc, at the weekend, commended the lender for the success of its $400 million Eurobond issuance in 2017, even as they approved the bank’s N3.19 billion total dividend for the financial year. The dividend translates to 11 kobo per share payable to shareholders whose names appeared on the register of…
20 Sep 2017
With a series of debt issues lined up before the end of 2017, including a N20 billion in “green bond”, the country’s debt profile is expected to inch further than the latest...
13 Jun 2017
The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy.
17 Apr 2017
In his reaction, the President/CEO of AFC, Andrew Alli, said: “AFC has been committed for the last 10 years to investing in projects that drive sustainable growth and development in Africa.
14 Apr 2017
The new regulation replaces a 2014 rule capping foreign borrowings, including Eurobonds at 75 per cent of shareholders’ funds as CBN tries to manage widespread capital shortfalls in banks, due to bad loans, especially.
31 Mar 2017
Nigeria’s oversubscribed Eurobond on Wednesday showed that investors will flock to the country’s dollar assets. But when it comes to naira ones, they’re staying well away.
2 Mar 2017
The Federal Government has borrowed US$1 billion via a Global Medium Term Note or 15-year Eurobond that became effective on February 14, 2017.