The Nigerian stock market last week closed lower by 0.93% as Airtel Africa, MTN Nigeria, SEPLAT and 53 other stocks shed weight. The All Share Index and Market capitalization dropped by 0.93% and 0.42% to settle at 64,721.09 and N35.422 trillion respectively. An aggregate of 1.689 billion units of shares were traded in 29,477 deals, valued at […]
MTN Nigeria Communications Plc has notified the Nigerian Exchange and the investing public of its proposed issuance of up to N100 billion Series 6 and 7 Commercial Paper notes under its Commercial Paper Issuance Programme The Issuance is part of the Company’s strategy to diversify its financing options with the funds being deployed towards short term working[…]
The Federal Government has approved N5bn as palliatives for each state and the Federal Capital Territory (FCT) to enable them to procure food items for distribution to the poor in their respective states. Governor Babagana Zulum of Borno State disclosed this at the Presidential Villa, Abuja, shortly after the National Economic Council (NEC) meeting. This development development[…]