28

May

EQUITY MARKET EXPERIENCE A MAJOR DECLINE IN THE MONTH OF APRIL

The Nigerian Exchange Limited (NGX) reported that the total transactions in Nigeria’s equity market decreased by 36% in April, amounting to N346.23 billion. This decline, from N538.54 billion in March, is indicative of cautious investor sentiment due to ongoing market volatility. The NGX All-Share Index notably plummeted by N3.57 trillion in April, largely influenced by policy announcements […]

22

May

UK’s MOBILIST Programme: A Game-Changer for Nigeria’s Capital Market

The UK Government is rolling up its sleeves to turbocharge Nigeria’s capital market with its dynamic MOBILIST programme. This initiative isn’t just talk; it’s about action and innovation, aiming to transform Nigeria’s market into a powerhouse for economic growth and clean energy solutions. At the heart of MOBILIST is the drive to create cutting-edge financial products that[…]

21

May

DANGOTE PLANS TO BORROW N50BILLION

Dangote Sugar Refinery plans to borrow N50 billion through Series 4 and 5 CPs. This will total N100 billion raised. Series 4 offers 181-day CPs at a 20.65% rate. Series 5 has 265-day CPs at 21.17%. The offer opened on May 16 and closes on May 22, 2024. Settlement will occur on May 23. Since February 9,[…]