STL Trustees Capital Market & Money Market News Recap
While you were away! FITCH RATES NIGERIA’S $2.5BN EUROBONDS ‘B+’ Fitch Ratings on Wednesday 15th November 2017 assigned a ‘B+(EXP)’ rating to Nigeria’s upcoming $2.5 billion Eurobond. In a statement announcing the rating, Fitch said: “Fitch Ratings has assigned Nigeria’s upcoming senior unsecured USD-denominated notes an expected rating of ‘B+(EXP)’. “The assignment of the final […]
STL Trustees Capital Market & Money Market News Recap
While you were away! SEC LAUNCHES CAPITAL MARKET DEVELOPMENT FUND The Securities and Exchange Commission (SEC) on Monday 30th October, 2017 launched the Nigerian Capital Market Development Fund (NCMDF), to provide funding for the Nigerian capital market’s developmental initiatives. The new development fund is expected to spur growth of the capital market and the […]
STL Trustees Capital Market & Money Market News Recap
While you were away! SEC LAUNCHES CAPITAL MARKET DEVELOPMENT FUND The Securities and Exchange Commission (SEC) on Monday 30th October 2017 launched the Nigerian Capital Market Development Fund (NCMDF), to provide funding for the Nigerian capital market’s developmental initiatives. The new development fund is expected to spur the growth of the capital market and […]
STL Trustees Capital Market & Money Market News Recap
While you were away! TELECOMS CONTRIBUTION TO GDP UP 6.7% IN Q2 The contributions of the telecoms sector to Nigeria’s Gross Domestic Product (GDP) according to the National Bureau of Statistics now stands at N1.549trn; up by 6.68% in Q2 2017 from its contribution to N1.452trn in Q1 2017. The report by the NBS […]
STL Trustees Capital Market & Money Market News Recap
While you were away! FGN COMMENCES ROAD SHOW FOR N100 BILLION ISLAMIC BOND ISSUANCE The Federal Government on Thursday, September 7th, 2017, commenced activities preparatory to the issuance of N100bn non-interest bearing Islamic bond, better known as Sukuk. The activities began with a national roadshow that started on the said date (Thursday, September 7), with […]
STL Trustees Capital Market & Money Market News Recap
While you were away! FMDQ LAUNCHES INVESTOR PROTECTION FUND FMDQ OTC Securities Exchange has launched an Investor Protection Fund (IPF), to boost and sustain investors’ confidence in the Nigerian capital market. The establishment of the Fund is in compliance with the provisions of Part XIV of the Investments and Securities Act 2007 and represents a […]
STL Trustees Capital Market & Money Market News Recap
While you were away! FGN SAVINGS BOND ALLOTMENT DROPS TO N607.3 MILLION The Debt Management Office (DMO), on Wednesday 12th July, 2017 raised N106 billion through the Federal Government of Nigeria, FGN, Bonds. The funds raised will support the implementation of the Federal Government’s N7.44 trillion 2017 budget, which has an allocation of N2.36 […]
STL Trustees Capital Market & Money Market News Recap
While you were away! FGN SET TO ISSUE FIRST SOVEREIGN SUKUK THIS JUNE The Debt Management Office (DMO) on Tuesday 14th June 2017 announced that the Federal Government of Nigeria (FGN) is set to sell a 100 billion naira ($328 million) debut sovereign Sukuk in the local market this month, to help fund road projects. […]
STL Trustees Capital Market & Money Market News Recap
While you were away! NIGERIA REMAINS IN RECESSION AS NBS REPORTS 5TH CONSECUTIVE NEGATIVE QUARTERLY GDP The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%. This confirms that Nigeria is still technically in a recession. At -0.52%, the first quarter real GDP growth […]
STL Trustees Capital Market & Money Market News Recap
While you were away! SEC SETS ASIDE N5BN FOR CAPITAL MARKET DEVELOPMENT FUND The Securities and Exchange Commission (SEC), on Wednesday 10th May, 2017 disclosed that it has set aside N5 billion as seed capital for the take-off of the proposed Nigerian Capital Market Development Fund (NCMDF). SEC also indicated that its shares dematerialization programme […]