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Business
The naira destiny has been successfully tied to hot money equation – high interest rate can only broing foreign capital
The Debt Management Office (DMO) is set to open N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription on Monday.
Oando Plc has announced a plan to begin the second tranche of its share distribution to qualified shareholders, the energy company told the Nigerian Exchange.
Nigerian treasury bills (NTB) yield fell in the secondary market after more than half of the total subscription at the midweek auction was rejected by the authority.
Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.
With a move to internalise lease payments, MTN said it has agreed with IHS to acquire the remaining shares of the company not already owned via an all-cash transaction.
The Central Bank of Nigeria (CBN) allotted OMO bills with 8 days expiration to eligible investors who participated in the open market operation on Monday.