Nigeria’s first domestic dollar bond records 180% oversubscription
Nigeria has successfully launched its first-ever domestic dollar-denominated bond, seeing over $900 million in subscriptions.
1M | 3M | YTD | 1Y | 2Y |
-0.41% | -0.47% | +29.89% | +38.36% | +119.39% |
Value Traded (Mln NGN) 20,208.08 |
Volume 540,769,515 |
Transactions 10,677 |
Market Cap. (Bln NGN) 58,851.70 |
Nigeria has successfully launched its first-ever domestic dollar-denominated bond, seeing over $900 million in subscriptions.
As the Nigerian stock market navigates a period of volatility, as reflected in the decline of the NGX All-Share Index (ASI) from a 40% gain in Q1 to 34% in the first half and further down to 29% as of August 2024, dividend income a key component of total return requires close attention from investors.
FBN Holdings Plc has announced the sale of its 100% equity stake in its wholly-owned subsidiary, FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.
Oando, a prominent oil and gas company, has reached a market capitalization of N1 trillion, placing it among an exclusive group of companies.