Category: Bond Market

THE Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah, is among global executives and business leaders that will address participants at the Africa Trade and Investment  Global Summit 2018 slated for June 24 to 26, at the World Trade Centre – Ronald Reagan Building, Washington D.C.,United States. The summit is a prestigious biennial business…

AMCON, stakeholders partner on asset disposal

The Asset Management Corporation of Nigeria (AMCON), is collaborating with stakeholders on ways of disposing its toxic assets, the Managing Director/CEO, Mr. Ahmed Kuru has said. Kuru, who was represented by Aminu Ismail, Executive Director in charge of Operations, AMCON at a two-day Asset Sales Strategy Retreat, which ended in Abuja yesterday, said part of…

SEC seeks financial inclusion for Nigerians

The Securities and Exchange Commission (SEC) yesterday said it hopes to reach 80 per cent of the population by 2020 in its financial inclusion initiative. The organisation said there is need for Nigerians in rural areas to be effectively sensitised on the benefits of investing in the capital market.  Its Acting Director-General, Ms. Mary Uduk,…

Dangote invests N121b on domestic sugar production

•Pays N21b dividend to shareholders Dangote Sugar Refinery (DSR) Plc, a subsidiary of Dangote Industries Limited, has so far invested N121 billion on its ambitious Sugar for Nigeria Backward Integration Project Plan, which is aimed at developing domestic sugar production capacity through home-grown sugarcane. Addressing shareholders yesterday at the annual general meeting in Lagos, Chairman,…

Nigeria’s debt rises to N22.7tn from N21.73tn says DMO

Abuja: The nation’s total public debt increased by 4.52 per cent in the first three months of the year, data from the Debt Management Office (DMO) showed the public debt increased from N21.73tn ($71bn) in December 2017 to N22.71tn ($74.28bn) at the end of the first quarter of 2018. According to the DMO’s circular on…