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FG To Auction N150bn Bonds This Month—DMO

Babajide Iletogun Federal Government would offer N150bn bonds for subscription in April, the Debt Management Office has said. A circular by the DMO on its website showed that the breakdown of bonds comprised of three bonds worth N50bn each. They are 10-year reopening bond to be offered at the rate …

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Investors Lose N30bn As Capital Market Continues Downward

TrendOlolade Omosan-Agie The Nigerian capital market continues its downward trend last week as the market value of equities fell by N30bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively. All other indices finished lower with …

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SEC Warns Investors Against Patronising Unregistered Trading Platforms

Ololade Omosan-Agie The Securities and Exchange Commission has warned the investing public on the proliferation of unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets. This was contained in a circular to Capital Market Operators issued by the Management of the Commission in …

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DMO offers 2 new FG savings bonds for subscription at N1,000

Babajide Iletogun The Debt Management Office, on Tuesday, opened two new Federal Government of Nigeria’s savings bonds for subscription at N1,000 per unit. According to information obtained from the DMO’s official website, one is a two-year savings bond due on April 14, 2023, at an interest rate of 5.522 per …

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All Share Index Drops By 0.4% as Stock Market opens negative

Ebuka Daniel The local bourse resumed the week with a loss of 39bps due to sell-offs in GUARANTY (-3.3%), BUACEMENT (-1.1%), and GUINNESS (-8.1%).  Consequently, the All-Share index settled at 38,766.6 points, YTD loss worsened to -3.7% and investors lost ₦78.5bn as market capitalisation decreased to ₦20.3tn. Trading activity declined as volume and value traded plunged 6.2% and 7.4% respectively to 224.6m units and ₦2.1bn. The most …

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SEC approves CEOs of NSE successor entities

Ebuka Daniel The National Council of the Nigerian Stock Exchange has approved the appointments of Chief Executive Officers to head its non-operating holding company and operating subsidiaries. The NSE said this in a statement, adding that under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group had …

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NSE Upgrades to Public Company

In search for operational efficiency and profitability, the Nigerian Stock Exchange (NSE) has been upgraded from a member-owned company to a public limited liability company. This development followed the final approvals from Nigeria’s Securities and Exchange Commission (SEC) Corporate Affairs Commission (CAC)  to convert from a mutual to a public …

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Nigerian Equities Market Lose N20bn as Shares Extend Decline

Nigerian equities market lost N20bn on Wednesday as the nation’s stock market extended its decline to the third consecutive trading session amid profit-taking. Five insurance stocks were among the top six losers at the end of trading on Wednesday. The market had on Monday started the month on a negative …

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