The Debt Management Office (DMO) said, it conducted the FGN Bond Auction for April 2020 on Wednesday, April 22, 2020 and as has been the trend this year, the Auction was oversubscribed. The Office said, it offered N60.00 billion Bonds across three (3) tenors to investors at the Auction –...
Nigeria's first Capital Market Professor, Uche Uwaleke has advised the Federal Government to be wise as serpent with $3.4billion loan facility from the International Monetary Fund (IMF). Recall, IMF Board approved the federal government's $3.4billion Emergency loan to combat the dreaded Coronavirus (COVID-19) pandemic in the country. IMF Managing Director, Kristalina Georgieva was...
The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others. The company and its promoters were last year charged before the Federal High Court in Abuja for investment fraud amounting...
The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and SMEs wishing to make essential imports needed to revamp economic activities across the country. This, the apex bank attributed to the gradual easing of...
As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General of the Securities and Exchange Commission, Ms. Mary Uduk in...