DMO to auction N800bn bonds at N1,000 per unit
The Debt Management Office has announced a public offer of three Federal Government bonds worth N800 billion, priced at N1,000 per unit. The offer includes a N400 billion bond at 17.95% interest maturing in 2032, alongside two others valued at N300 billion and N100 billion with yields close to 20 percent. According to the agency, […]
Otedola expands stake in FirstHoldCo with additional N14.8bn share purchase
Nigerian billionaire investor, Femi Otedola, has increased his stake in FirstHoldCo Plc following an additional share purchase valued at ₦14.8 billion. The move further strengthens his position as one of the most influential shareholders in the financial holding company, which oversees First Bank of Nigeria and other subsidiaries. Market filings show that the latest transaction […]
NGX records massive N2.5tn gain first time since Trump’s threat shockwave
The Nigerian Exchange (NGX) has recorded a remarkable N2.5 trillion gain, marking the first significant recovery since the economic shock caused by former U.S. President Donald Trump’s recent threats against Nigeria. The surge comes after a period of heightened investor anxiety and market volatility triggered by Trump’s designation of Nigeria as a “Country of Particular […]
Trump’s threat wreaking havoc on Nigerian stock market, Naira – Economists
Nigeria’s economy has been shaken over the past ten days following comments from U.S. President Donald Trump, who labelled the country a Country of Particular Concern and hinted at possible military action. Economists say the statement has scared investors, leading to panic in the financial markets. The Nigerian Stock Exchange has suffered heavy losses, dropping […]