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Economy + February 2019

NSE Set to List 30-year FGN Eurobond

The Nigerian Stock Exchange (NSE), will on Thursday, March 7, list 5 tranches of the Federal Government (FGN) Eurobond. They include; 7.143%, 12-Year, $1.25billion FGN Eurobond; 7.696%, 20-Year, $1.25billion FGN Eurobond; 7.625%, 7-Year, $1.118billion FGN Eurobond; 8.747%, 12-Year, $1billion FGN...
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Dangote Cement London Listing may Hold in 2020

Yesterday, Dangote Cement Plc released its audited results for the 2018 financial year. The company held an analyst call following the release of the results. Here are highlights of the call.  Group performance  Group volumes were up 7.4%, while Nigerian volumes rose by...
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More Firms Issue CPs to Tap Short-term Funding

More corporates have continued to fund their operations through issuance of commercial papers (CPs) to cover their short-term financing needs. According to experts, the trend would continue until after the general elections and the political uncertainties are over. CPs are...
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