Nigeria’s public debt stock hits N42.84tn-NBS
Recent report published by the National Bureau of Statistics revealed that Nigeria’s public debt stock which includes external and domestic debt moved from N35.46 trillion (US$86.57 billion) in Q2 2021 to N42.84 trillion (US$ 103.31 billion) in Q2 2022. Of this, external debt stood at N13.71 trillion (US$33.46 billion) in […]
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NovStock Market Review: November 9, 2022
It was a bearish session on the floor of the Nigerian Exchange on Tuesday as The All Share Index dropped by 1.82% to close at 43,461.60 points from the previous close of 44,269.43 points. The Market Capitalisation declined by 1.82% to close at N23.672 trillion from the previous close of[…]
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NovCornerstone Insurance reports N964.6m as profit in 9 months
Cornerstone Insurance Plc in its Third Quarter report for the period ended 30 September 2022 recorded Gross Premium Written of N14.882 billion. This represents 3.09% growth from N14.436 billion revenue reported the previous year. Profit after tax of N964.621 was reported for the 9 months period, down by 37.19% from[…]
FG announces November 2022 Savings Bond
The Debt Management Office on behalf of the Federal Government, has announced the offer for a subscription to the November 2022 Federal Government Savings Bond. According to DMO, the Savings Bond are in two tranches: 2-year and 3-year savings bonds, with interest rates of 12.492% and 13.492% respectively. The opening date[…]
