The monetary policy committee of the Central Bank of Nigeria (CBN) has directed that a regulatory framework that will limit the access of banks to bonds and treasury bills be put in place.Godwin Emefiele, CBN governor, made this known in Abuja on Tuesday while addressing the press at the end of the committee's meeting."Unfortunately, we have observed that rather than [...]
Tag "Bonds"
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The total value of pension fund assets hit N8.14 trillion in May, up from N7.94 trillion in March, according to the National Pension Commission (PENCOM).Pension fund assets are assets bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits.According to a statement by Peter Aghahowa, PENCOM’s spokesman, there has been a sustained rise [...]
Nigeria’s total debt rose slightly by 4.5 percent to N22.7 trillion in the first quarter of 2018, the country’s debt management office (DMO) has said.In a statement issued on the DMO’s website on Wednesday, it said the increase was largely due to a growth in the domestic debts of states and the Federal Capital Territory (FCT).The proceeds from the $2.5 [...]
Nigeria has raised N160bn ($525 million) in local currency bonds at its second debt auction this year.The bonds were raised at yields lower than inflation rate.The Debt Management Office (DMO) announced that it initially wanted to raise N110bn, but increased the offer due to demand, which was pegged at N337.03bn - a figure higher than N235.05bn demand at its previous sale.The [...]
Stock MarketWeekly activities on the Nigerian Stock Exchange (NSE) ended on Friday on a negative note, as the All-Share Index dipped 0.10 per cent due to price depreciation. The index lost 40.96 basis points to close at 41,529.11 against 41,570.07 achieved on Thursday.Market capitalisation, which opened at N13.726 trillion, lost N14 billion or 0.10 per cent, to close at N13.712 [...]
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