Category: Bond Market

ETI Secures $250m Loan Facility From Deutsche Bank

   The management of Ecobank Transnational Incorporated (ETI), on Tuesday announced the signing of a US$250m five-year senior unsecured loan facility fro… The management of Ecobank Transnational Incorporated (ETI), on Tuesday announced the signing of a US$250m five-year senior unsecured loan facility from Deutsche Bank AG of Germany. In a statement to the Nigerian Stock…

Savings bonds: Nigerian government gets about 7,000 investors in five months

Ms Patience Oniha, Director-General, Debt Management Office (DMO), says about 7,000 investors have subscribed to the Federal Government of Nigeria’s savings bonds since its introduction in March. Oniha said  in Abuja that one of the primary reasons for introducing the savings bond was to encourage a savings culture among the populace. She said that considering…

Sovereign Wealth Fund has crashed fertilizer price down to N6000 per a bag

Uche Orji, Managing Director, NSIA In less than seven months after Audu Ogbeh, Minister of Agriculture promised the nation that the government was poised to crash fertilizer price down to N6,000 or below, tangible evidence has emerged that this is a promise kept. Last Monday. Uche Orji, the Managing Director of the Nigerian Sovereign Investment…