This unit deals with debt instruments issued by private organisations, governments and government agencies of one year or less.

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    We provide capital for project promoters so as to help them meet their funding requirements.

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    We help our high networth clients meet their investment objectives with minimal risks.

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El-Asaph is a privately owned, all-purpose business institution with a global focus. It combines the attributes of origination, structuring, specialized investments, general trading and venture capitalism. Our institution also provides first class research services to private individuals and companies in both domestic and international spheres.

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News & Updates

  • Nigeria earned $424 billion (N66 trillion equivalent) as revenue from the oil and gas sector in the last thirteen years, the 2009 to 2011 audit reports of Nigeria Extractive Industries Transparency Initiative (NEITI) have revealed. - 30/05/2014 For More
  • The interbank money market opened with a credit balance of N423 billion on May 26, 2014 and closed the week (May 30, 2014) with a lower credit of N348 billion. During the week, inflows of N212 billion (OMO maturities) increased system liquidity while sums of N171 billion and N95.88 billion were debited for OMO and RDAS issuances respectively. Open Buy Back (OBB) and Overnight rates traded within the bands of 10.25% and 10.50%. - 30/05/2014 For More
  • Trading within a tight band of 40kobo ($/N162.40 to $/N162.80), the Naira weakened against the dollar during the week’s trading sessions. Rates opened at $/N162.70 and steadily trended down to a low of $/N162.40 as dealers reacted to an oil multinational sale. Rates trended back up to a high of $/N162.85 and closed at $/N162.80, as strong demand was noticed towards close of business. The parallel market traded within the N166.50/$ band for most of the week. – 30/05/2014 For More
  • The T-Bills market witnessed subdued sell-off (during the week ended May 30, 2014) following the announcement of the OMO auction; rates appreciated about 20 bps across all tenors as a result. Heavy buying of short tenors commenced later in the session (particularly on the July maturities) and rates subsequently dropped 60 bps. - 30/05/2014 For More
  • Diamond Bank’s $200m debt gets Fitch ‘B’ rating. - 30/05/2014 For More
  • The equities market closed the week on a positive note, as NSE ASI appreciated by +0.56 to close at 40,286.76 basis points, compared with the appreciation of +0.77% recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.52%. - 28/05/2014 For More
  • Central Bank of Nigeria (CBN) revises its decision to offer 75% guarantee on loans to farmers under the N75 billion Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL). - 28/05/2014 For More
  • Nigeria’s external reserves dropped to $37.15 billion on May 27, 2014, representing a $0.98 billion (2.56%) decline from a month ago (April 28, 2014) and $6.36 billion or 14.61% decline from the beginning of the year (January 2, 2014). – 27/05/2014 For More
  • The Nigerian economy created 1.163 million jobs during the 2013 fiscal year, according to the National Bureau of Statistics. - 26/05/2014 For More
  • Nigeria’s consumer market is estimated to be worth $400 billion yearly, according to the McKinsey Global Institute. – 26/05/2014 For More
  • Lagos State has commenced settlement of the N275billion Bond series issued with the payment of N50billion first tranche. - 25/05/2014 For More
  • Economic Indicators as at May 27, 2014: Broad Money (M2) – N15.97 trillion. Credit to Private Sector (CPS) – N17.02 trillion. Year-on-Year Inflation Rate (April 2014) – 7.90%. Average Inter-bank Rates – 11%. 91-day Nigeria Treasury Bills (NTB) – 10.00%. Monthly Average Deposit Rates – 9.38%. Monthly Average Prime Lending Rates - 16.70%. Crude Oil - $112.30. Nigerian External Reserves - $37.15 billion.
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