Foreign Investors stake $1 billion on treasury bills

Despite the approaching elections, which has seen foreign portfolio investors exit Nigeria, some others apparently hold a contrarian view. Sources familiar with the transaction, revealed $1 billion in fresh funds was channelled to buying treasury bills last week. While foreign portfolio investors holding equities may have largely pulled out, regardless of who wins the elections,…

DBN, LAPO Microfinance Bank to fund 10,000 MSMEs

Development Bank of Nigeria Plc (DBN), the first wholesale development finance institution in Nigeria, has partnered with LAPO Microfinance Bank Limited, to provide lending to about 10,000 Micro, Small and Medium Scale Enterprises (MSMEs), to alleviate the financial constraints they face. A statement from DBN said: “This is a milestone achievement and I am particularly…