Tag: Investors
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Investors in Oko Oloyun’s Ponzi scheme storm office to demand money after death
Tens of Lagosians stormed the LASU Road office of late Alhaji Fatai Yusuf, popularly known as Oko Oloyun, to demand the money they invested in his Ponzi scheme. Oko Oloyun, a popular Lagos-based trado-medical expert, was murdered on Thursday around 4:30pm on the road while travelling to Iseyin, Oyo State. He was reportedly attacked by…
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Investors Gain N13bn on First Trading Day of 2020
The Nigerian Stock Exchange (NSE) started the year 2020 on a positive note after it appreciated by 0.10 percent on the first trading day of the decade on Thursday. From observations, the local bourse was looking like it would kick off the year on a wrong foot, but stocks in the insurance space came to…
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Investors trade N17bn stocks in five days
A total turnover of 1.101 billion shares worth N17.082 billion were traded on the floor of the Nigerian Stock Exchange (NSE) last week by investors in 15,431 deals. This was higher than the 713.141 million equities valued at N13.295 billion transacted a week earlier in 16,237 deals, data from the NSE disclosed. During the week,…
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FG to Borrow N1.003trn from T-Bills Investors in Q4’19
The federal government, through the Central Bank of Nigeria (CBN), is looking to borrow the sum of N1.003 trillion from investors in the treasury bills market in the fourth quarter of 2019. The apex bank, in its Nigerian Treasury Bills Issue Programme for Fourth Quarter 2019 released this week, said it would source for the…
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Investors showing high level of demand for FG bonds – DMO
The Debt Management Office (DMO), says investors have in recent months been showing high level of demand at Federal Government bond auctions, a development which continued at the auction for June. A statement issued by the organisation on Wednesday in Abuja, noted this was evident at an auction carried out by it where three instruments…
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Investors oversubscribe Nigeria’s 30-year bond by 400%
On Wednesday, the Debt Management Office (DMO) issued the first 30-year FGN bond, offering N20 billion worth of the note to interested investors. At the close of the auction Thursday, the debt office said it received subscriptions valued at N80.41 billion from investors, representing a 400 percent subscription rate. According to details of results of…
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Investors oversubscribe Ecobank $450m Eurobond
The debut $450 million Eurobond recently issued by Ecobank Transnational Incorporated was oversubscribed by investors, the company has disclosed. The money was raised to assist the Lomé-based parent company of the Ecobank Group to meet its general corporate purposes and to refinance existing Holdco obligations. The Global Offering is a 5-year unsecured note (144A/RegS) listed…
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Nigeria ready for business, Emefiele tells investors
The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for investments. The CBN Governor, Mr Godwin Emefiele, on Friday night in Washington DC, held an informal meeting with potential investors where he enticed them with the Nigerian success stories, especially…
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Ibeju-Lekki: The Hallmark of Investors in West Africa, By Anthony Eferhirhie Abugu
Article written by Anthony Eferhirhie Abugu It is not just a mean saying that places differ and that it’s their differential qualities that make the live or stagnation of these places. In recent times, mostly during the great Ahmed Bola Asiwaju Tinubu government of Lagos state (from 2001-2007), the then Ibeju-lekki region was looked upon…
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Investors lose N209bn in six hours at Stock Market
…As All-Share Index drops to 29,000 Region The six-hour trading period on the floor of the Nigerian Stock Exchange (NSE) on Wednesday ended again on a negative note. This was as a result of the further loss registered by the local bourse on Wednesday buoyed by profit-taking, which led to the reduction in the market…