$500m bond auction, duty-free food imports... business stories to track this week

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Here are the seven top business stories you need to track this week — August 19 to August 24. $500m domestic FX-denominated bond,

Here are the seven top business stories you need to track this week — August 19 to August 24.Gbadebo Adenrele, managing director of investment banking, at United Capital Group, spoke on August 15 during a hybrid roadshow with investors organised by the Debt Management Office .Adenrele said the bond is expected to offer periodical repayments at maturity in dollars and full repayment of the principal amount at the end of a five-year term and will be listed on the Nigerian stock exchange.

“Filling stations are advised to desist from servicing illegal peddlers; failure to do so will result in the suspension of retail licences.”Emomotimi Agama, SEC’s director-general , spoke at a news conference held after the capital market committee meeting on August 15. “You are all aware that the capital market has become a very important tool in the achievement of the recapitalisation effort of the Central Bank of Nigeria for banks,” he said.

OPEC said direct communication with Nigerian officials served as the basis for the production data in its monthly oil market report, released on Monday.

 

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