The Chairman of the Board of the Securities and Exchange Commission, SEC, Mr. Olufemi Lijadu, on Wednesday said that a vibrant and policy-driven capital market remained a key factor that could help Nigeria realize her growth potential. Lijadu, who made this remark while speaking at a breakfast meeting between the board and stakeholders in the […]
Alibaba Group, Chinese e-commerce giant, has raised up to $12.9 billion in a landmark listing in Hong Kong. The deal which will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade, is the largest share sale in […]
The African Development Bank (AfDB) has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA, a pan-Africa financial institution with a presence in 12 African countries. The 3-year RPA facility was signed November 12 on the sidelines of the Africa Investment Form through its trade finance operations. Under this 3-year RPA facility, the […]
Africa Finance Corporation (AFC), Africa’s infrastructure financing organisation, has issued a $500 million 10-Year Eurobond for general corporate services. The Corporation in a statement indicated that the “senior, unsecured Eurobond, which carries a coupon of 3.75 percent, was priced to yield 3.895 percent for a tenor of 10 years, being the longest tenor bond issued […]
The Managing Director, Nigeria Export-Import Bank (NEXIM Bank), Mr. Abba Bello, has hinted of ongoing arrangements by the Central Bank of Nigeria (CBN) to commence off-taking Nigeria’s gold at international competitive price. The banker, who made this disclosure while speaking on what NEXIM Bank is doing to promote mining during a Mining Master Class of […]
Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution at an extraordinary shareholders’ meeting held Thursday in Abidjan,.the Ivory Coast capital. The capital increase, the largest in the history of the development finance institution since its establishment in 1964, demonstrated […]
The Lagos Chamber of Commerce and Industry (LCCI) on Friday reiterated the need for the Federal Government to show more commitment to the promotion of investment-friendly policies as a strategic option of attracting capital into the economy and positioning it on the path of sustainable growth. The President of the organized private sector (OPS) group, […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has described the the nation’s capital market as crucial to Nigeria’s sustainable development. Ahmed stated this in a keynote address at the Investing and Capital Market conference held on Thursday in Abuja, She said: “We want a vision for a future Nigeria where the […]
The Central Bank of Nigeria (CBN) on Tuesday said that it would support the ongoing plans to reactivate the moribund cotton, textile and ginning producing companies with about N100 billion, saying that so far a loan of N19.18 billion has been approved for nine cotton producing firms to revive their processing plants. The CBN Governor, […]
Capital market regulators and key stakeholders have been urged to implement sound domestic economic policies and build robust financial institutions that are fully empowered in a bid to achieving West Africa’s economic prosperity. The Acting Director General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk, gave this charge on Monday at the maiden West […]