Depending solely on traditional savings accounts to build wealth is like charting an uncertain financial world with one basic map. In today’s world, knowing the intricacies of multiple asset classes …
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FGN savings bonds worth N2.1 billion were allotted to retail investors in the Nigerian capital market by the Debt Management Office (DMO). This information was disclosed by the debt office …
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AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
Egypt seeks to issue $500M in Chinese bond, $1.5-$2B in sovereign sukuk
Egypt is looking forward to issuing bonds in Chinese yuan – Panda worth more than $500 million, Minister of Finance, Mohamed Maait, stated Monday. On the sidelines of a conference …
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsNigeriaWestern Africa
Yields on Ghana’s bonds to surge, highest among emerging economies
Yields on Government of Ghana bonds are expected to surge further as investors perceive the fiscal state of the Ghanaian economy as risky. According to Bloomberg, investors are demanding a …
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AfricaAFRICA NEWSBusinessMarketsNewsNigeriaWestern Africa
SEC Nigeria proposes corporate bonds exemption from tax
The Securities and Exchange Commission (SEC) Nigeria, has asked the federal government to consider its proposal to exempt corporate bonds from tax payment to boost liquidity in the Nigerian capital …
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The Debt Management Office (DMO) has announced the listing of three Federal Government of Nigeria bonds valued at N225 billion for a subscription via auction at N1,000 per unit. This …
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Investors have reduced their patronage of Federal Government of Nigeria Savings Bonds by 27 per cent following the 13 basis points, bpts, cut in interest rate by the Debt Management …
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AfricaBusinessDangote IndustriesNigeriaWestern Africa
Dangote Industries completes issuance of N187.6bn bond
Dangote Industries Limited, DHL, has successfully completed its N187.6 billion series 1 bond issuance which is the largest corporate bond ever issued in the history of the Nigerian capital market. …
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Dangote Cement Plc has listed three tranches of bonds worth N116 billion on the Nigerian Exchange (NGX), paving the way for the bondholders to trade on them. The bonds were …