Author: Marketforces Africa

FAAC: Federal, State, Local Governments share ₦606.196 billion for April The Federation Accounts Allocation Committee (FAAC) has shared ₦606.196 billion to the three tiers of government for the month of April. Mr Hassan Dodo, Director of Information in the Ministry of Finance, Budget and National Planning, made this known in a statement in Abuja on Friday. Dodo said the meeting, which held by virtual, was chaired by Dr Mahmoud Isa-Dutse, the Permanent Secretary in the ministry. He said the amount shared included Value Added Tax (VAT), Exchange Gain, Solid Mineral Revenue, Excess Bank Charges and Excess Oil Revenue. He explained…

Sell-offs Persist in the Domestic Bonds Market, says Afrinvest

Analyst cuts Access Bank price target, cites puffy operating expenses, weak outlook

FBNQuest Merchant Bank lists ₦5 billion on NSE FBNQuest Merchant Bank has today list its ₦5 billion three-year 10.50 per cent bond on the Nigerian Stock Exchange. The listing was commemorated with a digital closing gong done due to the COVID-19 pandemic in the country. Commenting on the listing, Mr Oscar Onyema, NSE Chief Executive Officer, commended FBNQuest Merchant Bank for the debut listing of its ₦5 billion Series 1 bond on the Exchange. Onyema said the Exchange would continue to support the bank in meeting its capital raising needs and business objectives. “We also commend all the parties to…

CIBN to inaugurate new president online — Official

‘Nigeria, Ghana, SA account for more than 40% of SSA Eurobonds Issuance’

FBNQuest Merchant Bank to list ₦5 billion bonds on NSE. FBNQuest Merchant Bank, a subsidiary of FBN Holdings Plc, will be at the Nigerian Stock Exchange to list ₦5 billion bond on Friday.

Sterling Bank Q1 Earnings draw analysts’ Buy rating despite CRR pressure

Analysts predicts 12.35% inflation rate for April on account of panic buy

Market Brief: NSE sustains positive momentum on accretion to external reserve