PETAN explores new opportunities, solutions, for indigenous firms at OTC
The Petroleum Technology Association of Nigeria (PETAN), has stated that efforts are underway to showcase the dynamism and potential of Nigeria’s petroleum industry at this year’s Offshore Technology Conference ...
Jonathan to speak at OTC
Former President of the Federal Republic of Nigeria, Dr. Goodluck Jonathan, is expected to discuss the role of local content in preventing conflicts in the Niger Delta region at the Offshore Technology Conference (OTC) coming in Houston, Texas next month. According to Marak Alliance, United States, the opening address of the Conference will be delivered…
FMDQ OTC admits N100 billion infrastructure Sukuk on platform
Efforts to tackle the nation’s infrastructure deficit is yielding a reasonable result, as the Federal Government through the Ministry of Finance, and the Debt Management Office (DMO), last week, listed the ₦100 billion Federal Roads Sukuk on the FMDQ OTC Securities Exchange platform. The seven-year, 16.47 per cent Ijarah Sukuk due 2024 and the first…
FMDQ OTC Securities Exchange CEO cautiously optimistic about 2018
Bola Onadele Koko, CEO of the FMDQ OTC Securities Exchange joined CNBC Africa’s Onyi Sunday to review its performance this year and give an outlook for 2018. I think the first thing that happened in 2017 would be in the foreign exchange market where the Central Bank to the delight of most market stakeholders introduced…
Reals introduces new drug to beat sleeplessness
Reals Pharmaceutical Limited, a leading pharmaceutical company, has introduced Reals Night Aid, a new non-habit forming, over-the-counter (OTC) sleep aid for the relief of occasional sleeplessness.
OTC transaction hits N9.75trn
Turnover of transactions in the Fixed Income and Currency (FIC) markets amounted to ₦9.75 trillion in August, 2016, according to the FMDQ OTC securities exchange.
New forex regime, the economy and the Presidency
The Central Bank of Nigeria (CBN) has begun the operationalisation of its new forex regime aimed at market-driven exchange rate determination and hopefully, a bit of sanity and predictability would return to the system.
Banks borrow N420b to ease liquidity pressure
The nation’s Deposit money banks at the weekend, raised their cumulative borrowings from the Standing Lending Facility of the Central Bank of Nigeria (CBN) to the tune N420 billion at 14 per cent.
OTC market records N7.43 trillion turnover in May
Over- The-Counter (OTC) market, last month, recorded a turnover of ₦7.43 trillion. This figure, according to FMDQ OTC report was 21.22 per cent lower than the value recorded in the previous month.