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FMDQ admits power firm's N50bn green bond


The proceeds from this issuance will be used to fund the development of 15 megawatts (MW) pre-phase 1 solar project and the transmission evacuation infrastructure for NSP PowerCorp PLC.
Speaking on the successful issuance of the bond, the Executive Vice Chairman/Chief Executive Officer, North South Power Company Ltd, Engr. Olubunmi Peters, said: “This landmark transaction reinforces our belief and commitment in promoting clean energy generation in Nigeria.
“It also demonstrates growing investor confidence in our business, management team and long-term strategy.”
The Chief Executive Officer, FMDQ Group, Mr Bola Onadele Koko said, “This transaction further proves that the programme’s effort towards developing a vibrant green bond market are gaining traction as more corporates and sub-nationals are beginning to explore green debt financing opportunities to raise capital towards pipelines of eligible projects.” ....

Olubunmi Peters , Onadele Koko , Power Company Ltd , Fmdq Securities Exchange , Bond Issuance Programme , Exchange Limited , Fixed Rate Series , Unsecured Green Bonds , Bond Issuance , Board Listings , Executive Vice , Chief Executive Officer , North South Power Company Ltd , பவர் நிறுவனம் லிமிடெட் , பரிமாற்றம் வரையறுக்கப்பட்டவை , சரி செய்யப்பட்டது ரேட் தொடர் , பலகை பட்டியல்கள் , நிர்வாகி துணை , தலைமை நிர்வாகி அதிகாரி , வடக்கு தெற்கு பவர் நிறுவனம் லிமிடெட் ,

Nigerian govt borrowed N2.36trn from capital market in 2020 – Onyema


The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, said on Tuesday the Federal Government raised a total sum of N2.36 trillion from the capital market in 2020.
Onyema, who disclosed this at a public forum on the 2020 market performance and outlook for 2021 in Lagos, said private companies raised N192 billion during the period.
He added that the federal government raised 92 percent of bonds issued during the period to finance fiscal and infrastructure deficits.
In finance, a bond is an instrument of indebtedness.
Onyema said: “Capital-raising activities in the fixed income market increased significantly in 2020. The NSE’s bond market capitalisation rose by 35.52 percent from N12.92trillion in 2019 to N17.50trillion. ....

Oscar Onyema , Nigerian Stock Exchange , Primero Plc , Chief Executive Officer , Federal Government , Fixed Rate Series , Dangote Cement , Initial Public Offering , நைஜீரியன் ஸ்டாக் பரிமாற்றம் , பிறிமெரோ ப்ல் , தலைமை நிர்வாகி அதிகாரி , கூட்டாட்சியின் அரசு , சரி செய்யப்பட்டது ரேட் தொடர் , ஆரம்ப பொது பிரசாதம் ,