A significant bond issuance has taken place, with a total value of ₦274.18 billion. This bond has a fixed rate and a term of 5 years, set to mature in 2031. Rand Merchant Bank Nigeria played a key role in this transaction, acting as Joint Issuing House. The bond was issued by the Bank of Industry, a Development Finance Institution. Further details about this transaction are available from the source. This issuance is notable as it is the largest of its kind by a Development Finance Institution, according to publicly available market data.
The transaction's specifics are not fully outlined here, but more information can be found through the original source.
MTN Nigeria has emerged as the dominant player in Nigeria’s fibre internet market, but its growing lead masks a bigger problem: fixed broadband remains a tiny part of the country’s internet market. Data from the Nigerian Communications Commission (NCC) for June 2026 shows MTN had...
A football administrator, Barr Joe Onyeabor, has urged the National Sports Commission, NSC, to prioritise competence in the composition of the new board of the Nigeria Football Federation, NFF. Onyeabor, who spoke to journalists in Enugu, weekend, stated that for Nigeria to retur...
This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Leaving ₦100,000 ($75.5) idle in a commercial bank account might fee...
The Debt Management Office has announced a N1tn Federal Government of Nigeria bond subscription offer with a minimum investment of N50 million per investor Read More: https://punchng.com/dmo-opens-n1tn-fgn-bond-subscription-sets-n50m-minimum/...
“By doing so, because the company will be very, very large, we will be having 10 per cent of the total America’s capacity,” Mr Dangote added. The post Dangote Refinery plans US listing in three to four years appeared first on Premium Times Nigeria ....
The Labour Party, LP, has maintained that Abayomi Arabambi, who recently dragged the West African Examinations Council, WAEC, the National Youth Service Corps, NYSC, and the University of Nigeria, Nsukka, UNN, to court over Mr Peter Obi’s academic records, did not do so as a memb...
The Economic and Financial Crimes Commission (EFCC) has warned Nigerian lawyers against charging clients in foreign currencies, describing the practice as illegal and unethical. The post EFCC warns Nigerian lawyers against charging clients in foreign currencies appeared first on ...
Award-winning comedian Real Warri Pikin has appealed to Nigerians to be less critical of her following a viral moment with singer Timaya at the 2026 AFRIMMA Awards in Dallas, United States. The comedian, who won the Best Stand-Up Comedian award at the event, addressed the controv...
Abia Warriors assistant coach, Bethel Orji, has said costly defensive mistakes is responsible for the team’s poor start to the new season, DAILY POST reports. Imama Amapakabo’s side are yet to record a win in the Nigeria Premier Football League, NPFL, this season. The Umuahia clu...
Nigeria’s agricultural imports fell by 8.5% year-on-year to N2.03 trillion in the first half of 2026, as the value of inbound agricultural products declined across the two quarters. The post Nigeria’s agricultural imports fall 8.5% to N2.03 trillion in H1 2026 appeared first on N...
Commuters travelling along the Iyana-Ipaja/Iyana-Iba axis of Lagos have been left stranded following a strike by commercial bus drivers protesting alleged extortion by law enforcement and transport regulatory agencies. The drivers, according to findings, stopped operations along ...
Nigerians at home and in the diaspora seeking to participate in the landmark Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals can subscribe conveniently through Zenith Bank, a receiving bank for the historic transaction and a designated electronic ap...
