By Esther Agbo The Federal Government is preparing to issue a third green bond worth between N50 billion and N60 billion to support environmental financing, afforestation, and renewable energy projects. Green bonds are debt instruments intended to finance projects with…
The Group Managing Director/CEO of Nigerian Exchange Group, Temi Popoola, has highlighted the Group’s leadership in digital innovation, particularly as banks and other institutions embark on capital-raising exercises. In a recent television interview, Popoola emphasised that this innovation is the…
Nigeria’s first Sukuk bond of N100 billion, which was issued on September 26, 2017, is set to mature on September 26, 2024. This is according to the 2023 Annual Activity Report of the Financial Markets Department of the Central Bank…
Investors in the Nigerian equities market enjoyed a bullish run on the floor of the NGX following a profit making of N320.84bn in the just ended trading week. The bourse recorded gains in four of the five trading days, losing…
Seplat Energy Plc, leading Nigerian indigenous energy company, has concluded the second phase of its media training programme for journalists and media practitioners in Nigeria. The second phase of the programme covers forty-five (45) Capital Market Editors/Correspondents as well as…
By Esther Agbo United Capital reported a 65 percent increase in post-tax profit, reaching N7.74 billion in the first half of 2024, up from N4.69 billion in the same period in 2023, according to its half-year financial statement filed with…
By Esther Agbo The Chartered Risk Management Institute of Nigeria has endorsed the Securities and Exchange Commission’s recent directive for capital market operators to adopt an Enterprise Risk Management (ERM) framework. In June, the SEC mandated that capital market operators…
Nigeria’s equities market failed to stay in the negative territory after rising by 0.47 percent or N263 billion on Thursday. This happens as corporate announcements like interim dividend and bonus shares are strengthening further buy-side action by investors. Expectedly, shares…
The Central Bank of Nigeria on Thursday sold dollars to eligible Bureau De Change operators at the rate of N1450 This was disclosed in a statement signed by the acting director of the Trade and Exchange Department at the CBN,…
Investors in the Nigerian equities market lost N24 billion at the close of trading on Wednesday. This followed the dip in the share prices of RT Briscoe, FTN Cocoa, and Tantalizer, amongst others on the trading floor today. After five…
