Taofik Salako

2 weeks ago | thenationonlineng.net | Taofik Salako |Nduka Chiejina |Muyiwa Lucas |Collins Nweze

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)   yesterday retained the benchmark interest rate and other key monetary policy parameters.  The MPC, the highest policy-making body of the apex bank, left the Monetary Policy Rate (MPR) at 27.50 per cent after its meeting in Abuja. The MPR is the benchmark interest rate that guides other rates across the economy.

3 weeks ago | thenationonlineng.net | Taofik Salako |Alao Abiodun

The federal government is seeking to raise some N300 billion through a new Sukuk issuance as part of efforts to diversify government’s funding sources and accelerate the pace of infrastructural development. The N300 billion Sovereign Sukuk is a seven-year Sukuk due 2032; a non-interest, alternative instrument designed in a form of annual rental income. The annual rental income is 19.75 per cent. Sukuk is a non-interest, asset-backed instrument, based on the principles of Islamic finance.

2 months ago | thenationonlineng.net | Taofik Salako |Alao Abiodun

Tantalizers Plc plans to significantly expand its businesses within the next two years with a target to reverse current loss of N265 million to net profit of N16.1 billion by 2026. The new board and management of Tantalizers yesterday at a “Facts Behind the Acquisition” forum at Nigerian Exchange (NGX) in Lagos laid out the company’s strategic growth plan to diversify from its current quick service restaurant business into fishery, entertainment and technology among others.

2 months ago | thenationonlineng.net | Taofik Salako |Collins Nweze |Alao Abiodun

Parthian Capital Limited, the asset management division of the Parthian Group, proudly announces the launch of two investment funds: the Parthian Money Market Fund and the Parthian Dollar Fixed Income Fund. These new offerings are designed to provide investors with secure and customised financial solutions, fostering long-term wealth preservation and growth.

Jan 19, 2025 | thenationonlineng.net | Taofik Salako

NASD OTC Exchange’s turnover doublesNigeria’s main platform for over-the-counter (OTC) trading in unlisted securities, the NASD OTC Securities Exchange Plc, has seen a double in turnover as average return at the alternative market rose to about 224 per cent. Trading reports at the weekend showed that the NASD Securities Index, which tracks share prices of companies listed on the OTC market, recorded a full-year return of 223.64 per cent in 2024.