Banking Budgeting Insurance & Pension Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Technology

Pension Fund Investment In Bonds Not Loan To Govt – PenCom D-G

The Director-General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has defended investments made by Pension Funds Administrators (PFAs) under the Contributory Pension Scheme (CPS) as investments in Federal Government of Nigeria’s (FGN’s) securities rather than loans to government. She, therefore, refuted the milling rumour in the public space that the Commission gave N10 trillion […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Statistics

FG Targets N2.5Trn From Bond Auction In February

The Federal Government is targeting to raise N2.5 trillion from its second FGN bond auction of 2024 as part of its efforts to raise more funds through debt instruments in order to bridge the about N9.18 trillion deficit in the approved 2024 budget. According to the latest circular from the Debt Management Office (DMO) on […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue

DMO Offers 4 FGN Bonds Worth N360Bn For Subscription In March

The Debt Management Office (DMO) has offered four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription through auction in March this year. The DMO indicates that the first offer is a February 2028 FGN bond valued at N90 billion (10-year reopening) at an interest rate of 13.98 percent per annum while […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy

DMO Offers 3 FGN Bonds For Subscription By Auction

The Debt Management Office (DMO) on Friday, pursuant to its (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004, offered three Federal Government’s bonds for subscription by auction to the investing public. The Office, in a circular hoisted on its website, listed the debt instruments as including N75,000,000,000 […]

Economy News Extra Investments/Capital Market Latest News

FMDQ Admits Parthian Partners’ N20Bn Commercial Paper

The FMDQ Securities Exchange Limited has formalized the registration of the Parthian Partners Limited N20 billion Commercial Paper (CP) Programme to its platform. The registration of this CP Programme is expected to boost Parthian Partners Limited’s efforts to raise short-term finance from the Nigerian Debt Capital Market (DCM) to meet its financing needs. The registration […]

Economy News Extra Housing & Real Estate Investments/Capital Market Latest News

FMDQ Securities Approves Mixta Real Estate, CardinalStone Partners’ Commercial Papers

FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), has approved the quotation of the Mixta Real Estate PLC N2.39bn Series 28 Commercial Paper under its N20.00bn Commercial Paper Issuance Programme and the CardinalStone Partners Limited N5.00bn Series 1 Commercial Paper under its N10.00bn Commercial Paper Issuance Programme on its platform. The approval of the […]

Banking Investments/Capital Market Latest News

Access Bank Announces Dual Listing Of Green Bond

Access Bank Plc has announced the dual-listing of a fully certified Green Bond on the FMDQ OTC Securities Exchange and the Nigerian Stock Exchange following the formal approval of the bond by the Securities and Exchange Commission (SEC). The lender, which just concluded its merger with Diamond Bank last weekend, explained that the Bond was […]