An economist and Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has cautioned that Nigeria could face increasing borrowing costs unless the Tinubu administration adopts a more strategic and results-oriented approach to debt management. Rewane made this known during an appearance on Channels Television, Thursday, where he urged […]
Category: Money Market
Money Market
United Capital Strengthens Regional Footprint with New Asset Management Subsidiary in Abidjan
United Capital Plc has launched expansion into Francophone West Africa with the establishment of a new subsidiary, United Capital Asset Management West Africa Limited (UCAMWAL), and the rollout of two new CFA franc-denominated mutual funds. The funds—UCAMWAL Bond Fund and UCAMWAL Diversified Fund—were unveiled at a formal event in […]
FGN Raises ₦4.01bn From June Savings Bonds Amid Lower Yield Environment
The Federal Government of Nigeria has raised a total of ₦4.01bn from its June 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, according to data published by the Debt Management Office (DMO). The offer, conducted between June 2 and June 6, 2025, saw strong interest […]
ASHON faults Suspension Of Dividend Payment By Banks, Assures Investors
The Association of Securities Dealing Houses of Nigeria (ASHON) expresses concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. This directive, issued on June 13, 2025, according to the apex bank, aims to ensure compliance with regulatory forbearance and Single Obligor Limit […]
Chances Rise For Afreximbank Involvement In Debt Restructuring- JPMorgan
The chances of Afreximbank getting involved in a debt restructuring have increased, JPMorgan said on Tuesday, while also upgrading its recommendation on the lender’s bonds to overweight, citing valuations in the wake of the Fitch downgrade. According to Reuters, the African trade and development lender has been at […]
SEC Sounds Alarm on Ponzi Schemes, Calls for Vigilance to Safeguard Investors, Economy
The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented […]
Do not Patronise Silverkuun, SEC Warns
The Securities and Exchange Commission has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a circular issued in Abuja, Wednesday, the commission said its attention had been drawn to the activities of these entities, which falsely present themselves as investment advisers and […]
Otedola Declared the Activist Investor and Market Maker of the Year at Nairametrics Awards……….First Holdco Plc, FirstBank and First Asset also Shine at the Awards
First HoldCo Group had a great outing at the Nairametrics Capital Market Choice Awards ceremony which was held last Friday at the Civic Centre, Victoria Island, Lagos. The harvest of awards started with the Group Chairman of the Holding Company, Mr. Femi Otedola, CON, blazing the trail by being honoured […]
United Capital Asset Management unveils investment fund for children
United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has launched its latest mutual fund – The Children Investment Fund to shape the financial future of the next generation and to boost financial literacy. The Children Investment Fund is a naira-denominated, open-ended […]
EAAIF Completes $325m Debt Raise To Accelerate Investments in Africa, Asia
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has raised $325m in new debt facilities, bringing recent commitments to $620m and exceeding the Fund’s $500m target ahead of schedule. The debt raise cements EAAIF’s position as the […]