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MayDangote 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, […]
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MayThe Nigerian stock market is experiencing a downturn characterized by a shortage of positive news, volatile FX market, rising inflation rates, and anticipation of another rate hike at the next Monetary Policy Committee (MPC) meeting. Investors are adopting a cautious approach amid expectations of further bearish trends following the fizzling out of first-quarter results momentum. The market[…]
