The Lagos State government has listed a N137, 328,000,000 series IV bond on the Nigerian Stock Exchange.
This was revealed in a notice by the exchange in its weekly report of activities on the market.
NGX said that the bond is a 10-Year 13.00 per cent fixed rate unsecured bond that is due 2031 under the N500bn debt issuance programme..
The bond was listed on Friday. The bond was issued at 100…
The indirect tax burden on Nigerians rose by 18.88 per cent to N3.03tn in 2022 amid an economic downturn and rising inflation.
According to the National Bureau of Statistics, Nigerians paid N3.03tn as indirect tax in 2022, an 18.88 per cent increase from the N2.55tn that was…
The Managing Director, Guinea Insurance Plc, Mr Ademola Abidogun, has said the company paid about N686m claims in three years.
He said the company was committed to the satisfaction of customers and the insuring public with prompt settlement of claims as well as improved…
Failure to control emissions by 2030 could lead to more than 2 degrees of global warming by 2030, a catastrophic tipping point for further climate change, according to an International Monetary Fund report.
Public Understanding of Politics” notes that concerns about climate change action do not in and of themselves lead to support for climate change action.
It stated, “A recent survey designed…
The Chairman of Fidelity Bank Plc, Mr Mustafa Chike-Obi, has said that securities and margin lending can boost the volume of trade in the Nigerian capital market.
A statement said he spoke when he was invested as a fellow of the Chartered Institute of…
Wema Bank says it is committed to providing women with the knowledge they need to succeed in their careers and businesses.
The bank said it is preparing to celebrate International Women’s Day in 2023 by stimulating discussion about women’s economic growth.
The…
Some experts have decried the low level of insurance penetration in the country and called on industry stakeholders to tailor products to the different regions in order to boost its patronage.
They spoke at the symposium organised by the UNILAG Actuarial Science and Insurance class of ‘89 alumni in honour of Prof. Kunle Aduloju in Lagos with the theme, ‘Developing insurance and financial…
Earnings from non-oil export in October and November rose to $75m, figures obtained from the Central Bank of Nigeria have revealed.
The CBN stated in its November economic report that non-oil export earnings rose by 16.9 per cent to $0.40bn, from $0.35bn in October.
It…
The Nigerian Economic Group Summit said Nigeria’s weak manufacturing sector was the main factor behind the currency crisis. Senior Economist at NESG Dr.
Wilson Erumebor reveals this in a recent article published by Foresights Africa. Entitled “Nigeria in…
The Nigerian Civil Aviation Authority has commended Dana Air for grounding its airplanes for proper maintenance checks.
The Director General of NCAA, Captain Musa Nuhu, disclosed this exclusively to our correspondent in Abuja.
According to Nuhu, Dana Air grounded all its aircraft to carry out maintenance checks on them.
“They noticed that some of their aircraft were due for maintenance and they…