One of Nigeria’s fastest growing agency banking provider, E-Settlement has partnered Seriate Limited, a Tech focused investment company to acquire and deploy up to 20,000 pieces of Mobile Point of Sale (mPOS) within the next 12 months in Nigeria.
Yesterday, the FG completed its $2.86 billion (N856.8 billion) Eurobond issuance, taking the country’s total issuance for the year to $5.3 billion. The offer is made up of a $1.18 billion (7-Yr), $1 billion (12-Yr), and $750 million (30-Yr) priced at 7.625%, 8.75% and 9.25% respectively.
The bond market remained relatively stable in today’s session, with yields compressing marginally by c.3bps following slight interest still mostly on the 2034s. The slight pullback in yields is reckoned to be majorly a consolidation due to bargain interests on some previously sold off maturities.