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Author: Marketforces Africa
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The yield on the UK’s 10-year Gilt edge moderated to 4.31% after economic data showed British employment growth slowed in the third quarter.
In Nigeria’s sovereign Eurobonds (US dollar bonds) market, activity level was dominantly in the bullish region as positive sentiments pervaded the movement in yields. Foreign investors in the international market pushed demand higher as US Treasury yield reversed.
Mr Chiedu Ugbo, Managing Director, Niger Delta Power Holding Company (NDPHC), says the debt profile of Nigeria’s power system stands between N150 billion and N180 billion.
Nigeria offered higher spot rates on the local government monthly bond sales in the primary market, according to auction results conducted by the Debt Management Office (DMO).
The Afreximbank has signed a 150 million dollar trade finance facility agreement with United Bank for Africa (UBA) PLC, under the Ukraine Crisis Adjustment Trade Financing Programme for Africa.
The average yield on Nigerian Treasury bills slid by 2 basis points (bps) to 13.35% ahead of inflation figure for the month of October 2023 set to be released by the statistics office.
Wigwe University on Tuesday said it will officially begin operations in September 2024…
The House of Representatives has ordered the Industrial Training Fund ( ITF), to account for over N12 billion
The Nigerian Society of Engineers (NSE) in Bauchi State, has dismissed as misleading insinuation
The Nigerian Exchange (NGX) retreated at the beginning of the week as investors took profit …