In what appears a continuation of the bullish sentiment that characterized many days of its trading sessions in August, the Nigerian equites market opened the first trading session in September on Friday bullish as investors sustained their confidence in the market. Consequently, the All-Share Index (ASI) rose by 1.47% higher to close at 67,527.19 index […]
MTN Nigeria, Nigeria’s leading mobile network operator (MNO), has raised N125 billion via series 6&7 commercial paper notes to diversify its financing options. Commercial paper refers to a short-term, unsecured debt obligation that is issued by financial institutions and large corporations as a means of raising fund cheaper than other alternatives. The MNO made this […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s economic research and investment consulting firms, have projected that trading in the nation’s equities market will be mixed this week as more actions of listed corporate entities will dominate the trading sessions. For instance, the experts hinged the firm’s forecast about the mixed sentiment partly on […]
Trading activities in the Nigerian equities market closed positive on Thursday to halt the three days of consecutive losses. Official report on the trading session indicated that the positive performance was driven by recorded gain by some blue chip stocks, mainly in ETRANZACT, ARDOVA, UBN and 17 other stocks. Consequently, the Nigerian Exchange Limited All […]
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 […]