FMDQ Securities Exchange Limited has announced the quotation of Total Nigeria Plc, Mixta Real Estate and Valency Agro Nigeria Limited Commercial Papers under its platform.

According to the News Agency of Nigeria, the disclosure was made by the FMDQ Group in a corporate statement issued, sequel to the fulfilment of all regulatory requirements.

• The statement explained that FMDQ admitted Total Nigeria Plc., N2.25 billion Series 1 and N12.75 billion Series 2 Commercial Papers (CP) under its N30 billion CP Issuance Programme.
• It also approved the quotation of Mixta Real Estate Plc., N2 billion Series 32 CP under its N20 billion CP Issuance Programme.
• In the same vein, the FMDQ Group also approved the registration of Valency Agro Nigeria Ltd., N20 billion CP programme on its platform.

What they are saying

Commenting on the quotation of the issue, the Managing Director of Total Nigeria, Mr Imrane Barry, explained that:

• “The programme was set up to enable the company further broaden its sources of capital by accessing funding from the Nigerian debt capital markets, while also reducing its overall funding costs.”

In his remarks, the Managing Director, Valency International Pte Ltd., Mr Sunil Dhanuka, said:

• “We are glad for the successful registration of Valency Agro’s, N20 billion CP Issuance Programme. In line with our vision to grow within the agricultural value chain in Nigeria, Valency Agro is committed to ensuring the growth of the agriculture sector through our deep involvement in Cashew, Sesame, Cocoa and other produce.
• “Proceeds from this CP Programme will be used toward meeting the midterm working capital requirements of the various agricultural produce and on value addition prior to export.”

What you should know

• Nairametrics reported the admission of Axxela N11.5 billion bond on FMDQ platform.
• Total Nigeria Plc had earlier issued a debut commercial paper, which was aimed at supporting the sector and reactivating the economy. This CP was halted by the COVID-19 pandemic.
• Despite the disruption, the debut issuance attracted sizeable demand from a lot of investors, leading to oversubscription.
• The financial advisers of the debut issuance scheme are Stanbic IBTC Capital Limited and FBNQuest Merchant Bank Limited.
• Commercial paper is a money-market security issued (sold) by large corporations to obtain funds to meet short-term debt obligations (for example, payroll) and is backed only by an issuing bank or company which promises to pay the face amount on the maturity date specified on the note.

The Nigeria Centre for Disease Control on Friday 15th January 2021,  announced that 1,867 new cases of the covid-19 virus were recorded across 24 states in the country.

This represents the highest number of cases recorded in a single day. It also represents a 26.23% surge compared to 1,479 cases recorded on Thursday, 14th January 2021.

According to the NCDC, the cases were recorded across 24 states, with Lagos State recording the highest with 713 new cases, representing 38.2% of the total daily cases.

Others include: Plateau (273), FCT (199), Kaduna (117), Oyo (79), Enugu (58), Ondo (53), Kano (49), Sokoto (43), Ogun (37), Osun (37), Nasarawa (36), Rivers (28), Benue (24), Delta (24), Niger (24), Gombe (18), Edo (15), Taraba (12), Bayelsa (10), Ekiti (9), Borno (6), Zamfara (2), Jigawa (1).

The latest figure brings the total number of cases to date to 107,345 and 1,413 recorded deaths. A total of 84,535 patients have been discharged so far, while 21,397 patients are still on admission.

More details shortly…

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 107,345 confirmed cases.

On the 15th of January 2021, 1,867 new confirmed cases and 8 deaths were recorded in Nigeria.

To date, 107,345 cases have been confirmed, 84,535 cases have been discharged and 1,413 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 1.13 million tests have been carried out as of January 15th, 2021 compared to 1.03 million tests a day earlier.

COVID-19 Case Updates- 15th January 2021,

• Total Number of Cases – 107,345
• Total Number Discharged – 84,535
• Total Deaths – 1,413
• Total Tests Carried out – 1,135,535

According to the NCDC, the 1,867 new cases were reported from 24 states- Lagos (713), Plateau (273), FCT (199), Kaduna (117), Oyo (79), Enugu (58), Ondo (53), Kano (49), Sokoto (43), Ogun (37), Osun (37), Nasarawa (36), Rivers (28), Benue (24), Delta (24), Niger (24), Gombe (18), Edo (15), Taraba (12), Bayelsa (10), Ekiti (9), Borno (6), Zamfara (2), Jigawa (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 39,262, followed by Abuja (14,338), Plateau (6,420), Kaduna (6,005),  Oyo (4,649), Rivers (4,214), Edo (3,204), Ogun (2,782), Kano (2,561), Delta (2,086), Ondo (2,059), Katsina (1,692), Enugu (1,583), Kwara (1,566), Gombe (1,489), Nasarawa (1,269), Osun (1,186), Ebonyi (1,159), Abia (1,114), and Bauchi (1,107).

Borno State has recorded 850 cases, Imo (810), Benue (653), Sokoto (645), Bayelsa (598), Akwa Ibom (588), Adamawa (540), Niger (532), Anambra (460), Ekiti (459), Jigawa (424), Taraba (258), Kebbi (240), Yobe (207), Cross River (169),  Zamfara (162), while Kogi state has recorded 5 cases only.

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Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

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